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On July 2, 2019, Kraft Heinz sold its Canadian natural cheese business, including the Cracker Barrel, P’tit Quebec and aMOOza! brands to Parmalat for C$1.62 billion. In September 2020, Kraft Heinz reached a deal to sell part of its cheese business to French multinational dairy products corporation Lactalis for $3.2 billion.
Kraft Foods Group, Inc. (doing business as Kraft Foods Group) is an American food manufacturing and processing conglomerate, split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015.
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang.
A deal that would inject up to $5 billion into Kraft could be enticing to help bring down its debt load and make the stock appeal to investors who may see the stock as too risky to buy given...
Trading 20% from its highs, another food retailer investors will be watching this earnings season is Kraft Heinz (KHC). The company is set to report its Q3 earnings on October 26.
Packaged food companies experienced a spike in demand when the pandemic triggered shelter-at-home orders earlier this year. With the gradual reopening of restaurants and fast-food chains, the ...
In certain international territories, Kraft-branded products have been made by Mondelez under license from Kraft Heinz Company since 2012. Controversies Deforestation
One of the final black eyes came in February 2019, when Kraft Heinz took a $15.4 billion write-down on its Oscar Mayer cold cuts, natural cheese, and Canadian retail businesses. Shares...
On 15 September 2020, Groupe Lactalis announced an agreement to acquire Kraft Heinz's natural cheese operations in North America and internationally for $3.2 billion. The U.S. Department of Justice ruled that Lactalis must divest the Athenos and Polly-O cheese brands.
Selling Oscar Mayer wouldn't necessarily be a game-changing move for Kraft Heinz. But it could be a good first step to improving the business. And if management uses the money to take other...