Kraft Heinz

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Other major food companies, including Lipton tea and Hellmann's mayonnaise maker Unilever, have also signaled higher prices due to global commodity inflation

Kraft Heinz shares were up 3% in early trading

Kraft Heinz's nuts business contributed about $1.1 billion to net sales in 2020

The company's total consolidated income from operations rose 333 per cent to Rs 620 crore from Rs 152 crore in Q1FY19

The $15.4 billion write-down indicates declining fortunes of the iconic brands and other losses in asset value, meaning the company views those assets as less valuable than before the merger

Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business

Kraft Heinz is bringing Complan to market as UK pharmaceutical firm GlaxoSmithKline Plc weighs selling its stake in its Indian consumer health subsidiary, which owns malted milk drinks brand Horlicks

Kraft Heinz Company is planning to double its annual earning from India to Rs 3,500 crore in the next four years.It is betting highly on the Complan brand of malted beverage and considering entry into new categories, beside bringing new products into the country.Currently, Complan and Glucon D each account for Rs 700 crore of its total revenue, with Nycil accounting for another 20 per cent. Niladri Deb, managing director at Kraft Heinz Company India, said after repositioning Complan in the market with a new brand message and price corrections, the company was targeting Rs 1,600-1,700 crore annual revenue from this brand in the next four years. It would imply the brand being able to achieve a double-digit market share, from its current one of seven to eight per cent.Apart from the brand repositioning, the company is considering entry into the category of concentrated nutritional products, as well as extension of the Complan brand portfolio. Vikramjeet Singh, chief marketing officer, ...

US food and beverage maker says UK company declined proposal