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Kraft Heinz eyes breakup, WSJ reports
Kraft Heinz eyes breakup, WSJ reports

Yahoo

time12-07-2025

  • Business
  • Yahoo

Kraft Heinz eyes breakup, WSJ reports

Kraft Heinz (KHC) is looking to spin off a significant part of its grocery business, according to a report from the Wall Street Journal. Market Domination Anchor Josh Lipton and Freedom Capital Markets chief global strategist Jay Woods discuss the news. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Our one key headline to get to Kraft Heinz is reportedly preparing to break itself up. This is according to the Wall Street Journal. Kraft Heinz may split its grocery business, including Kraft products, into a new entity valued up to $20 billion. The remaining company would focus on faster growing sauces and condiments like Heinz ketchup. A split could be finalized in the coming weeks, according to the report. Jay, what do you make of it? Yeah, um, we're going to be anticipating this one all weekend. We had the Kellogg's deal, when Kellogg split up into a serial business to, uh, just, uh, what was it, serial and then the candy bar business and the WLK brand got bought out this week. So it was shareholder value and right now, Kraft Heinz is 43% off its all-time high. They need to shake things up. The staples have been under pressure. So, uh, even if this doesn't come to fruition, this is something that they need to start thinking about, not just at Kraft Heinz, but at some of these other bigger brands. Anything to enhance shareholder value will be critical going forward. Yeah, the journal does remind us too, Jay, that Kraft Heinz said in May it was continuing to evaluate strategic transactions to unlock value and that it had said Buffet's Berkshire Hathaway would no longer hold board seats at the company and someone said, okay, maybe that was paving the way for some significant changes. So we shall watch and we shall see. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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