Overview

• Kraft Heinz announced it will separate into two independently listed firms, one centered on sauces and spreads and the other on packaged grocery products.
• The company targets completing the separation in the second half of 2026.
• Press reports describe provisional entities called Global Taste Elevation Co (about $14.5 billion) and North American Grocery Co (about $10.4 billion), with brands such as Heinz, Philadelphia and Kraft Mac & Cheese grouped in the first and Oscar Mayer, Kraft Singles and Lunchables in the second.
• The move follows sustained underperformance since the Kraft–Heinz merger, including a share-price decline of nearly 70% and a $3.8 billion loss recorded by Berkshire Hathaway on its stake in July.
• The announcement comes shortly after the sale of Heinz Italia, including the Plasmon infant-food brand, to NewPrinces.