Kraft Heinz

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.

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.

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.

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.

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

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.

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.