Kraft Heinz CEO Responds to Split Rumours

Kraft Heinz CEO responds to split rumours

Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products from the core business. The move, one of the biggest grocery deals ever, would leave Kraft Heinz focused on sauces and condiments. No timeline has been announced, but sources suggest the split could finalise within weeks.

Kraft Heinz CEO confirms possible split - RetailDetail EU

For the first time, Kraft Heinz responds to the ongoing rumors about a split: according to CEO Carlos Abrams-Rivera, the multinational is indeed exploring strategic options. A deal could be finalized within a few weeks. 20 billion dollars Abrams-Rivera made his statements in a briefing on the group’s quarterly results. Kraft Heinz is considering a historic spin-off of its brand portfolio, with Kraft being divested. The sauces, spreads, and seaso…