Kraft Heinz Pauses Plan to Split Into Two Companies
New CEO Steve Cahillane said the company’s challenges are fixable and within management’s control, as Kraft Heinz pauses a plan to divide itself into two companies.
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Terms & Concepts
Corporate spinoff: A restructuring in which a company separates a business unit into an independent, publicly traded firm.
Turnaround strategy: A management plan focused on fixing operational and financial issues to restore performance.