Packaged foods giant Kraft Heinz is exploring a potential break-up a decade after its merger, as it seeks solutions to its ongoing underperformance, including spinning off its traditional grocery portfolio. The company, facing pressures from inflation and competition, may find two separate entities to be more valuable than its current $31bn market value, though no final decision has been made.
Explain It To Me Like I’m 5: Kraft Heinz, the company that makes things like ketchup and macaroni and cheese, is thinking about splitting into two separate companies because they want to do better after having some problems.
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