[ad_1]
Kraft Heinz, the troubled food giant, has asked Credit Suisse investment bank to consider options for its Maxwell House coffee business, which could include a potential sale, family members told CNBC with the subject.
fourth quarter results and results significantly below expectations
s. Even worse its dividend was reduced by 36% and the two largest brands, Kraft and Oscar Mayer, were depreciated by $ 15 billion, recognizing that their brands attract consumers far less than before.
While announcing the bad news, Kraft Heinz executives told investors last week to expect more divestments in the future to clear the debt from its balance sheet. Last year, Kraft Heinz sold its Canadian dairy business and its Indian Complan Beverage business. He said last week that he was looking for brands "without a clear path to a competitive advantage".
Source link
