Kraft Heinz to split into two companies as financial struggles mount | Business and Economy News

The spinoff comes a decade after the two companies merged in efforts to boost growth.

Kraft Heinz is set to split into two different companies, one focused on groceries and the other on sauces and spreads.

The food manufacturing giant announced the breakup on Tuesday after it never achieved the growth expected when it was formed a decade ago.

The spinoff, which is expected to close in the second half of 2026, is the latest in a series of rearrangements among…