Warren Buffett admits Kraft Heinz mistake

Warren Buffett admits Kraft Heinz mistake

The merger of megabrands Heinz, Kraft, Oscar Meyer, Philadelphia, and Maxwell House seemed like a business dream for a while. In 2015, Kraft and Heinz merged to form one of the largest food companies in the world.  Ten years later, it was announced that they were separating. Instead of becoming a global food giant, they had to admit that the merger was one of the worst investment moves of the past decade, and they took drastic measures in the ho…