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KRAFT HEINZ NEWS ON FASTMOVING

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Kraft Heinz writes down more than $1bn as first-half revenue slumps

Kraft Heinz writes down more than $1bn as first-half revenue slumps

12/08/2019 - 12:30
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
Kraft Heinz hires global brand expert Miguel Patricio as CEO

Kraft Heinz hires global brand expert Miguel Patricio as CEO

24/04/2019 - 11:18
Kraft Heinz named Miguel Patricio as its next chief executive in the hopes that the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world's largest packaged food companies.  read more
What Kraft Heinz’s write-down means for other consumer brands

What Kraft Heinz’s write-down means for other consumer brands

27/02/2019 - 09:45
Shares of Kraft Heinz slumped 20% after the food company posted a quarterly loss, disclosed a Securities and Exchange Commission (SEC) investigation and wrote down the value of its Kraft and Oscar Mayer brands. read more