Around the Net
Kraft Heinz Deals With Negative News
- Wall Street Journal, Sunday, February 24, 2019 3:47 PM
The food maker lost more than $14 billion of its market
value Friday morning after a barrage of negative news, including large write-downs on its well-known brands, the Wall Street Journal reports. “It was a striking reversal for a
company whose cost-management efforts and higher profit margins were seen as a packaged-food industry model,” per WSJ. Shares of other food companies were also trading down.
