Kraft Heinz to Separate Into Two Businesses: What Should Investors Know
1. Kraft Heinz is planning a tax-free spin-off by H2 2026. 2. Two companies will be formed: Global Taste Elevation Co. and North American Grocery Co. 3. Global Taste Co. generated $15.4 billion in FY 2024, emphasizing sauces and spreads. 4. North American Grocery Co. focuses on staples with $10.4 billion in sales in 2024. 5. The split aims to enhance capital allocation and strategic focus for both entities.