Kraft Heinz’s split into Global Taste Elevation and North American Grocery left investors cold, triggering a 7% stock drop. Instead of unlocking value, the move may simply double down on existing challenges.
Kraft Heinz is considering splitting into separate companies to unlock shareholder value following a series of unsuccessful strategies. While the move follows the successful Kellogg split, skeptics argue it may not fix the deeper issues of weak execution and an underperforming brand portfolio.
New product launches from Maxwell House, Yough!, and Philadelphia signal important firsts for each of the brands. Designed to be convenient, better-for-you, and plant-based, these new offerings are indicative of the trends defining the food industry right now.
Amidst the booming cultured dairy market, major food manufacturers are taking plant-based cream cheese to the next level.
