Funding & Business
Kraft Heinz Prepares To Break Itself Up
The Heinz ketchup and Oscar Mayer hot dogs featured at barbecues this summer are owned by the same company. Next summer, that might not be the case.
Kraft Heinz Co. is preparing to break itself up and spin off a large part of its business into a new entity, people familiar with the matter said Friday. The packaged foods company had said in May it was considering “potential strategic transactions,” but hasn’t said which brands it might separate.
Bloomberg’s Jen Bartashus reports. (Source: Bloomberg)
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Matt Luzzetti, chief US economist at Deutsche Bank, reacts to the latest inflation data as steady increases in CPI – the consumer production index – are another signal the Fed is set to cut rates when officials meet next week. (Source: Bloomberg)
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Papaya Co-Founder and President Sanjiv Das discusses how the buy now, pay later business model in terms of retail lending is enduring and profitable with Scarlet Fu on ‘Bloomberg Markets.’ (Source: Bloomberg)
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Democrat Representative Haley Stevens of Michigan said that she wants to see the temperature in the US come down, condemning the killing of conservative activist Charlie Kirk. The congresswoman said that lawmakers ‘putting their heads in the sand’ is not the answer amid threats. (Source: Bloomberg)
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