Kraft Heinz (KHC) Considers $20 Billion Grocery Spinoff Amid Restructuring

The Kraft Heinz Company (NASDAQ:KHC) ranks among the best forever stocks to invest in. According to a July 11 Reuters report, The Kraft Heinz Company (NASDAQ:KHC) is considering spinning off a sizable portion of its grocery business, which includes several Kraft brands, into a new company that might be worth up to $20 billion on its own. A separation might be official in the upcoming weeks, the report said, leaving the company with items including its namesake Heinz ketchup and Dijon mustard brand Grey Poupon.

Kraft Heinz (KHC) Considers $20 Billion Grocery Spinoff Amid Restructuring

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The demand for Kraft Heinz’s lunch combos and other products has also been weakened by inflationary pressures and a shift in consumer preferences toward fresher, less processed foods. Due to weak consumer spending, the company reported a dismal quarter in April and reduced its yearly projections.

The Kraft Heinz Company (NASDAQ:KHC) is a global leader in food and beverage production that was founded in 2015 by the merger of Kraft Foods and Heinz. The company makes a variety of items, including dairy, meat, sauces, drinks, and other commodities.

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