When Warren Buffett, a venerable investor, and threeG Capital, a private-equity agency, merged Kraft and Heinz in 2015 to create a packaged-food heavyweight, customers’ urge for food for its vibrant condiments, sugary snacks and processed cheeses appeared insatiable. The deal now appears to have been a giant fats flop. Kraft Heinz’s market worth, at $32bn, is down by three-fifths for the reason that tie-up. The corporate expects its working revenue to fall by 5-10% this yr. It’s now mentioned to be exploring a break-up.
