Food giant Kraft Heinz is poised to divide its sprawling operations into two independent, publicly traded companies, a decade after its formation through a major merger.
The move, confirmed on Tuesday following reports last week, comes as the company seeks to overcome recent struggles. Known for household staples such as ketchup, baked beans, Heinz soups, and HP sauce in the UK, the firm stated the overhaul is "designed to maximise Kraft Heinz’s capabilities and brands while reducing complexity".
