Overview
- Kraft Heinz is exploring a spin-off of its underperforming grocery division into a standalone entity valued at as much as $20 billion.
- The separation would leave high-margin sauces and condiments such as Heinz Tomato Ketchup and Grey Poupon under the parent company.
- The board is scheduled to decide on the proposal within weeks, with no final approval yet.
- Shares climbed nearly 2% after reports of the potential break-up boosted investor sentiment.
- The move follows a $3 billion U.S. factory modernization plan and represents a key step to offset inflationary and tariff-driven pressures.