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Kraft Heinz

Kraft Heinz

Kraft Heinz is American worldwide food company formed by the merger of Kraft Foods and Heinz on July 2, 2015. The company is headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania.

Kraft Heinz is a food company formed on July 2, 2015 after the merger of Kraft Foods and Heinz. After the merger, Kraft Heinz became the third largest food producer in the United States, and fifth largest in the world. The merger agreement gave Kraft shareholders a 49% stake, and Heinz shareholders a 51% stake in the company on a fully diluted basis. Kraft Heinz is headquartered out of two cities; Chicago, Illinois, and Pittsburgh, Pennsylvania. The company sells products in North America, Central America, South America, Europe, Asia, and the Middle East. 



Timeline

News

Title
Author
Date
Publisher
Description
Business Insider
July 29, 2019
Business Insider
The $221 billion US ad industry is being upended by the rise of digital ad giants, fragmented consumer attention, and marketers' ever-increasing pressure for results.
John P. Kotter
September 26, 2019
Harvard Business Review
As the company cut costs, its ability to innovate suffered.
Julie Creswell and David Yaffe-Bellany
September 24, 2019
www.nytimes.com
The company behind brands like a famous ketchup and Oscar Mayer meats is dealing with slumping sales, shareholder lawsuits, layoffs and questions about its accounting practices.
September 17, 2019
Financial Times
Investment group sold $713m worth of stock this week, reducing its holdings to 20%
Ben Winck
September 17, 2019
markets.businessinsider.com
Warren Buffett-backed Kraft Heinz stumbles after its 2nd-largest investor dumps more than 25 million shares (KHC)
Reuters Editorial
August 15, 2019
U.S.
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015.
BBC News
May 5, 2019
BBC News
Billionaire investor Warren Buffett says he is eyeing UK assets "no matter how Brexit turns out".
Jonathan Stempel
May 4, 2019
U.S.
Warren Buffett's Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big first-quarter profit, while improved results from its Geico auto insurer and BNSF railroad units boosted operating results.
STEPHEN GROCER and PETER EAVIS
May 4, 2019
www.nytimes.com
Tens of thousands of shareholders will attend the annual meeting of Warren Buffett's Berkshire Hathaway. DealBook will be here providing analysis through it all.
REUTERS
April 22, 2019
www.nytimes.com
The food giant said Miguel Patricio, an Anheuser-Busch InBev veteran, would succeed Bernardo Hees as chief executive, signaling a potential shift away from years of cost-cutting.
Reuters Editorial
Invalid Date
U.S.
Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a large quarterly net loss even though operating profit rose.
PETER EAVIS
February 22, 2019
www.nytimes.com
The reputations of some of the world's most powerful investors rest on whether they can get consumers excited again about Kraft macaroni and cheese.
REUTERS
February 22, 2019
www.nytimes.com
U.S. stocks rose on Friday on signs of progress in the ongoing trade talks between the United States and China, but a plunge in shares of Kraft Heinz hit the consumer staples sector.
February 22, 2019
www.nytimes.com
American officials think that China has been repackaging some of its promised reforms and trying to pass them off as concessions.
REUTERS
February 21, 2019
www.nytimes.com
Kraft also cut its dividend, and its chief financial officer said he expected the company to "take a step backwards in 2019." Shares fell 11 percent in after-hours trading.

People

Name
Role
LinkedIn

Alex Behring

Chairman



Ashley Delany

U.S., Brand Marketing



Ashley Tople

U.S., Brand Marketing



Bernardo Hees

CEO



Doug Klucker

U.S., Sales



Jessica Ryan

U.S., Brand Marketing



John Cahill

Vice Chairman



Juliet Levine

U.S., Brand Marketing



Further reading

Title
Author
Link
Type
Date

Kraft Heinz Is Struggling

Marcello Pinto

Web



Kraft Heinz launches $100 million food technology venture capital fund

Uttara Choudhury

Web



Kraft shares soar on Heinz merger

BBC Reporter

Web



Documentaries, videos and podcasts

Title
Date
Link





Companies

Company
CEO
Location
Products/Services









References