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In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies—a snack food company and a grocery company. [8] On April 2, 2012, Kraft Foods Inc. announced that it had filed a Form 10 Registration Statement to the SEC to split the company into two companies to serve the "North American grocery business".
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. [4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. [5]
J. L. Kraft [1] was born on December 11, 1874, near Stevensville, Ontario, Canada, located just north of Fort Erie, to Mennonite [2] parents Minerva Alice née Tripp (1848–1933) and George Franklin Krafft (1842–1914), a farmer [3] of German descent. He was the second of eleven children.
Kraft Heinz also announced that they cut their dividend from 62.5 cents a share to 40 cents. [56] The company also announced a goodwill impairment charge that wrote down the value of the company's Kraft and Oscar Mayer brands of $15.4 billion in the fourth quarter, which resulted in a net loss of $12.61 billion. [57]
The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz (/ h aɪ n z /), is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. [2] The company was founded by Henry J. Heinz in 1869. Heinz manufactures food products in plants on six continents, and markets these ...
Previously he was the CEO of Burger King from December 2002 to July 2, 2004. He joined the company from Darden Restaurants where he had headed the Olive Garden unit, [7] but left after only 18 months citing strategic differences with Burger King's board. [8] Blum's successor, Greg Brenneman, was appointed on August 1, 2004.