Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments

The Kraft Heinz Company is an American food concern. The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments
Revenue(RF), mln.USD
371
Assets(RF), mln.USD
260
Capital(RF), mln.USD
107
Glob.Revenue, mln.USD
26042
Plants
3
Staff(RF), 2021
1983
Taxes(RF), mln.USD
50

Kraft Heinz is reportedly selling one of its facilities but it was not confirmed. Kraft Heinz Agrees to Sell Russian Baby Food Business (which is the secondary business), Local Buyer Says.

The Company Statement
August 30, 2023

Stopped new investments and exports/imports from Russia, American food manufacturer Kraft Heinz, the largest shareholder of which is Warren Buffett's Berkshire Hathaway, is putting up its business for the production of baby cereals, purees and other baby food for sale. The company continues to conduct a full-fledged business in Russia in its main category of sauces. The sale of the business concerned only the category of baby food. In the main category, the company is increasing its marketing activities in Russia (for example, see the new advertisement for the Picador brand https://www.youtube.com/watch?v=7T795vnCOw8).

March 31, 2023Kraft Heinz Agrees to Sell Russian Baby Food Business
July 29, 2022Kraft Heinz sips on Russia
July 29, 2022Food manufacturer Kraft Heinz is reducing its presence in the Russian market
July 29, 2022Kraft Heinz sells Russian baby food factories, but not ketchup – Kommersant
March 08, 2022Kraft Heinz Statement Related to Our Business in Russia
Kraft Heinz in Russia
DJ SMASH - New Wave (Spicy mix with Pikador) - advertising of Kraft Heinz in Russia
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner