Tag: kraft heinz
Kraft Heinz tumbled 27.5% on Friday, causing Berkshire to lose US$4.3 billion on its stake.
Six consecutive quarters of poor performance led to an asset write-down of US$15.4 billion on two of Kraft Heinz's flagship brands.
It seems to be more than just a bad quarter for the maker of Oscar Mayer hot dogs and Kraft macaroni and cheese.
Kraft Heinz is working with an adviser to gauge interest in the business, according to the people, who asked not to be identified because the matter isn’t public.