Kraft Heinz

General

"Retailers protect consumers' purchasing power" (Christian Verschueren, EuroCommerce)

What will 2020 bring for the retail sector? Growing tensions between retailers and their suppliers, fears EuroCommerce director-general Christian Verschueren. He hopes that the new European Commission will put a strong stop to increasing protectionism.

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New CEO Kraft Heinz to invest in creativity

Food

New CEO Kraft Heinz goes for creative ketchup

In an effort to turn the tide, Kraft Heinz's new CEO Miguel Patricio intends to pursue creative marketing. To that end, he returns to the company's primary flagship product: ketchup.

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Food

Kraft Heinz forced to review accounts

Kraft Heinz will have to review its accounts of the past few years, in the wake of a number of reports that some employees may have been tinkering with the accounting.

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Food

Kraft Heinz CEO pays price for disappointing results

Kraft Heinz CEO Bernardo Hees is to step down on 30 June after a difficult time for the FMCG producer. He will be replaced by Miguel Patricio, currently Chief Marketing Officer at AB InBev.

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Food

"Private label innovates faster than big brands"

Large mainstream retailers can’t find an adequate answer to the power of hard discounters, multinationals see the value of their brands decrease: private label is causing a true revolution, says expert Koen de Jong of IPLC.

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Food

Kraft Heinz in triple trouble: net losses, court case and boycott

Food manufacturer Kraft Heinz is having a miserable time: a billion dollar net loss is coinciding with a investigation into the company's accounting and a German boycott. Shareholders did not take kindly to the matter.

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Food

Why do major FMCG manufacturers spend more in innovation?

Both Nestlé and Kraft Heinz have just announced new research and development investments. The major brand manufacturers are feeling the heat from innovative start-ups and want to speed up.

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Food

Alexandre Van Damme will succeed Warren Buffett at Kraft Heinz

Alexandre Van Damme, a major AB InBev shareholder and one of Belgium’s richest pepole, has been tapped to become Warren Buffett’s replacement at the head of American food group Kraft Heinz.

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Food

Kraft Heinz does not meet expectations

American Kraft Heinz failed to live up to analysts’ fourth quarter expectations, both when it comes to turnover and profit. It did manage a 900 % increase of its profit, but that did not convince any analyst.

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Food

Small growth for Kraft Heinz thanks to Europe

American Kraft Heinz achieved a small 0.7 % turnover growth in the third quarter, mainly because a strong European turnover surge (+ 7 %).

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Food

Will Kraft Heinz acquire Danone?

There are rumours that Kraft Heinz will target Danone after it failed to acquire Unilever. However, analysts feel the water between both companies may still be too deep.

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Food

Oprah Winfrey and Kraft Heinz join forces

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

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Food

Higher Kraft Heinz profit despite lower turnover

Food company Kraft Heinz’ second quarter like-for-like turnover dropped slightly, but the American company did manage to seriously enhance its profitability.

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General

Analysts forecast Kraft Heinz’ hostile take-over bid for Unilever

According to research firm Susquehanna, we may very well see a hostile Unilever take-over bid from Kraft Heinz soon, after the company recently rejected a normal bid.

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Food

Kraft Heinz admits fifth straight turnover drop

Food company Kraft Heinz has had an awful first quarter, with turnover and net profit both dropping compared to the year before. It is Kraft Heinz’ fifth straight quarter with lower turnover.

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Food

Kraft Heinz invests in sustainability

American food group Kraft Heinz has pledged to invest 200 million dollars (185 million euro) into sustainability efforts, greatly expanding its corporate social responsibility program.

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