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General Category => General News => Topic started by: Joseote203 on February 24, 2019, 12:06:50 PM

Title: Wall Street doubts Kraft Heinz after it writes down two of its best known brands
Post by: Joseote203 on February 24, 2019, 12:06:50 PM

Wall Street doubts Kraft Heinz after it writes down two of its best known brands

Kraft Heinz wrote down $15.4 billion in value on its Kraft and Oscar Mayer Brands in the fourth quarter. Wall Street analysts are doubting whether the company's cost-cutting strategy can work in today's competitive landscape.
Source: Wall Street doubts Kraft Heinz after it writes down two of its best known brands (https://www.cnbc.com/2019/02/22/kraft-heinz-doubt-mounts-after-kraft-oscar-meyer-write-down.html)