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...While several larger consumer goods companies, including PepsiCo and Kraft Heinz, have experimented with direct-to-consumer businesses that sidestep retailers, most ventures in the sector are limited....
...(FT) Earnings round-up Consumer goods companies Kraft Heinz and PepsiCo, which recently announced a joint venture with Beyond Meat, report results today....
...(New York Times) News round-up Disney Plus added 8m subscribers over Christmas (FT) Billionaire Asda buyers raise £2.75bn in record sterling junk bond sale (FT) Kraft Heinz agrees $3.35bn Planters peanuts...
...But Lex noted Kraft Heinz had struggled in the métiers that matter most in food: innovation and marketing....
...(WSJ) News round-up Germany’s Metro warns Kretinsky bid would burden the company (FT) Vivendi to appoint banks on Thursday for sale of Universal stake (Reuters) Kraft Heinz pulls back on asset sales...
...Shares in Kraft Heinz have fallen by a third. On a price-to-forward earnings basis, Danone shares are close to their cheapest on record relative to the Swiss rival. Margins have disappointed....
...JAB insists it is not looking for the quick highs sought by private equity. 3G Capital, the group behind Kraft Heinz, had specialised in aggressive cost cutting....
...(FT) In the news Kraft’s triple blow Kraft Heinz shares slumped after the food company cut its dividend by more than a third, took a $15.4bn impairment charge and also disclosed that it had received an...
...(FT) Tomayto, tomahto Did Kraft Heinz make $24bn or $6bn since the merger? Depends on which way you look at it....
...Between Kraft Heinz, General Mills and Mondelez, 2019 estimated earnings per share are off between 6 and 12 per cent relative to their peak level since the start of 2017....
...US food group....
...The Anglo-Dutch group put the business up for sale this year as part of a series of promises to investors to boost its performance after the failed $143bn bid from Kraft Heinz left it looking vulnerable....
...Nestlé, whose products include baby milk, pet food, Nespresso coffee and KitKat chocolate bars, is under pressure to boost profitability as the global food industry reacts to pressures unleashed by Kraft...
..., Kraft Heinz’s backers, quickly dropped the offer in the face of Unilever’s opposition....
...Despite its size, Nestlé has also had to react to pressures unleashed in the consumer goods sector by Kraft Heinz’s failed $143bn takeover approach earlier this year for Unilever, its Anglo-Dutch rival....
...This year, they stunned the consumer goods world with the $143bn takeover bid from Kraft Heinz for Unilever, which is twice the size of Kraft Heinz in revenues....
...This is the “lean and mean” zero-based budgeting and aggressive cost-cutting approach favoured by the likes of 3G Capital, which backed a failed bid by Kraft Heinz for Unilever in February....
...Rival Unilever, the Anglo-Dutch company the owns Dove soap and Hellmann’s mayonnaise, also announced a buyback this year of €5bn after fending off an unwelcome $143bn takeover approach from Kraft Heinz,...
...Operating margins are barely half those of industry leader Kraft Heinz....
...While the firm worked on several marquee consumer sector transactions including the sale of Kraft Foods to Heinz and Lorillard to Reynolds American, its most productive area was the pharmaceutical sector...
...Polman said: “Ostensibly the bid was from Kraft Heinz, a company less than half our size....
...Kraft Heinz rose 1.7 per cent at $89.49, JM Smucker gained 1.5 per cent to $141.79 and Hormel Foods added 1 per cent to $38.26....
...It would be dangerous, however, to think that all food stocks are the same. Consider, for example, Kraft Heinz, the biggest of the lot, with an enterprise value of $125bn....
...Mamta Badkar Earnings Adidas Q1 €1.33 (€1.08) Air France-KLM Q1-€1.05 (-€1.70) Deutsche Telekom Q1 €0.18 (€0.23) Kraft Heinz Q1 $0.62 ($0.86) Prudential Q1 $2.37 ($2.79) Royal Dutch Shell Q1 $0.14...
...Their most spectacular transaction to date was this year’s merger of Kraft Foods with Heinz to create a company with an enterprise value of $100bn — a deal orchestrated with the veteran US investor Warren...
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