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In 1994, it sold its frozen dinners unit to H.J. Heinz and in 1995, it sold its foodservice unit. In 1995, it changed its name to the present name, Kraft Foods. The same year, it sold its bakery division (except Lender's Bagels, which was sold in 1996 to Kellogg Company), its candy division and its tablespreads division.
Between 1981 and 1991, Heinz returned 28% annually, doubling the Standard & Poor's average annual return for those years. By 2000, the consolidation of grocery store chains, the spread of retailers such as Walmart , and growth of private-label brands caused competition for shelf space, and put price pressure on the company's products. [1]
Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.0 billion in annual sales as of 2021.
On 6 October 2008, Heinz launched a Golden Circle takeover bid. Phillip Cave advised that the take over bid of $1.65 per share ($288 million in total) was "attractive" for all shareholders, particularly given the current difficult economic conditions.
As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. [3] Hertz was ranked 326th in the 2020 Fortune 500 list. [4]
Heinz Hall is a performing arts center and concert hall located at 600 Penn Avenue in the Cultural District of Pittsburgh, Pennsylvania. Home to the Pittsburgh Symphony Orchestra (PSO) and the Pittsburgh Youth Symphony Orchestra , the 2,676 seat hall presents about 200 performances each year.
Heinz Tomato Ketchup is a brand of ketchup manufactured by the H. J. Heinz Company, a division of the Kraft Heinz Company.
The John Heinz National Wildlife Refuge at Tinicum is a 1000-acre (4.05 km 2) National Wildlife Refuge in Philadelphia and Tinicum Township, Pennsylvania. Adjacent to Philadelphia International Airport, the refuge is designed to the largest remaining freshwater tidal marsh in Pennsylvania.
The Heinz Awards are individual achievement honors given annually by the Heinz Family Foundation. The Heinz Awards each year recognize outstanding individuals for their innovative contributions in three areas: the Arts, the Economy and the Environment.
The Loebner Prize was an annual competition in artificial intelligence that awarded prizes to the computer programs considered by the judges to be the most human-like. The format of the competition was that of a standard Turing test .