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Kraft Heinz Raises Annual Sales Forecast On Higher Prices

Kraft Heinz Co raised its forecast for annual organic sales growth and beat quarterly estimates on Wednesday, helped by higher prices for the Hei...

Kraft Heinz Flags Margin Pressure From Inflation, Shares Fall

Kraft Heinz Co on Wednesday warned of margin pressure from higher prices of ingredients, sending its shares down 4%, even as the packaged food maker foreca...

Kraft Heinz To Restate Nearly Three Years Of Financial Reports After Investigation

Kraft Heinz Co will restate financial reports for a near three-year period to fix errors that resulted from lapses in procurement practices by some of its...

Did you know?... 22 January, 2019

Did you know?... Most wasabi in Irish supermarkets has been called fake by Sean Kitson, Ireland’s first commercial wasabi grower. Speaking on th...

Weekly Round-Up… 22 January, 2019

Galway-based Supermac's has won its long-running case against fast food giant McDonald's to have the use of the Big Mac trademark cancelled. In a landmark...

Buffett’s Kraft Heinz Bet Valued at $24 Billion in Trading Debut

Warren Buffett helped take over H.J. Heinz in 2013 and facilitated its combination with Kraft Foods Group Inc. this year. His prize: a stake of about $24 b...

Heinz Shakes Up Kraft Management Ahead of Buffett-Backed Merger

H.J. Heinz’s leadership is wasting no time shaking up Kraft Foods Group. The companies announced a raft of management changes Monday ahead of their p...