GFM Network News


Kraft Heinz to sell several cheese businesses to Lactalis

Canadian grated cheese lines among assets going for US$3.2 billion

Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After weak sales results and several billion-dollar writedowns over the past two years, there has been market speculation about which categories Kraft Heinz will offload from […] Read more