Kraft Heinz has posted net sales of $6.16 billion in Q1, representing 6.2% organic growth as a result of increased consumer demand related to Covid-19. Read more
Food and beverage companies have accelerated their efforts worldwide to provide support and relief to those most affected during the coronavirus pandemic. Read more
Kraft Heinz has ‘significantly’ reduced production at three plants providing restaurant supplies, yet boosted output for packaged foods amid the coronavirus outbreak. Read more
Kraft Heinz saw its fourth-quarter net sales decrease 5.1% as it disclosed impairment charges of $666m, including writing down the value of Maxwell House. Read more
Kraft Heinz has named Carlos Abrams-Rivera as the new president for the company’s US division, effective from 3 February 2020. Read more
Kraft Heinz has announced plans to invest $25m in its production facility in Garland, Texas, in a move which will expand production capacity at the site. Read more
Evolv Ventures, the venture fund backed by Kraft Heinz, has led a $12m Series A funding round in cashierless checkout start-up Zippin. Read more
Kraft Heinz reported a 4.8% decrease in net sales in the third quarter compared to the same period last year that reflected weak performance in the US, its biggest market. Read more
Kraft Heinz has made its first move into the cannabis sector, as its Evolv Ventures arm has co-led a $23m funding round in cannabis tech startup Flowhub. Read more
Kraft Heinz has partnered with Baileys to launch a new range of non-alcoholic coffee beverages featuring the flavours of Baileys original Irish cream. Read more
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