Packaged foods giant Kraft Heinz is studying a break-up a decade after Warren Buffett and 3G Capital merged the two brands, people briefed on the matter have said.
The decision comes after the company known for Heinz Ketchup and Kraft Macaroni & Cheese in May said it was considering several options to reverse its persistent underperformance, the people said.
One of the plans being considered includes spinning off much of its traditional grocery portfolio, which would include boxed dinners, processed cheese and packaged meats, into a standalone company, the people said.
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