Kraft Heinz Edges Toward Splitting Up

Circulating reports claim that Kraft Heinz, leading global food and beverage company, is in discussions about a potential internal split. According to reports, the decision would undo the merger of Kraft and Heinz, which took place in 2015. The merger was initiated by Warren Buffet’s Berkshire Hathaway and Brazilian private equity firm 3G Capital.

The breakup could lead the company to concentrate on two distinct divisions: groceries and sauces and could be finalized as early as next week. Alongside this, Kraft Heinz is estimating that the entire value of the separation would exceed the company’s $33 billion market value.