Kraft Heinz is the brainchild of Warren Buffett and the three Brazilian billionaires whose private equity firm, 3G Capital, also merged Burger King and Tim Hortons. The 2015 merger of Kraft and Heinz has been a bust. Stock in Kraft Heinz has dropped by 13.5 per cent since the merger. In coming months, Kraft Heinz Co. is expected to make another blockbuster acquisition. 3G quickly strips out costs, and doesn’t stop to wonder why growth has stalled before making yet another huge acquisition.

Source: thestar March 02, 2018 17:03 UTC