Kraft Heinz splits to revive growth

KRAFT HEINZ WILL split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a pack-aged goods giant that never achieved the growth expected when it was formed a decade ago.

- REUTERS

The spinoff, which is expected to close in the second half of 2026, is the latest in a series of rearrangements among major global consumer brands that once embraced the conglomerate model, but are now rethinking their business structure amid sluggish sales, depressed valuations, and tariffs.