The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.

The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its Natural, Grated, Cultured and Specialty cheese businesses to a US affiliate of Groupe Lactalis for a purchase price of $3.2 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.

As communities around the world struggle to cope with the real-life implications of the coronavirus (COVID-19) outbreak, The Kraft Heinz Company is providing an update on its response to the pandemic, the rescheduling of its upcoming Investor Day and business impacts to date, ahead of its first quarter 2020 earnings call later this month.

“Miguel is a proven business leader with a distinguished track record of building iconic consumer brands around the globe, driving top-line revenue growth through a focus on consumer-first marketing, innovation, and people development,” said Alex Behring, chairman of Kraft Heinz’s board of directors.  

Over the course of the next 16 weeks, the selected startups will participate in a dynamic program composed of learning, funding, infrastructure access, and mentorship in Chicago. 

Kraft Food Ingredients announced the addition of Heinz® Ketchup and Lea & Perrins® Worcestershire Sauce along with a variety of Heinz® vinegars, relishes and sauces to its broad portfolio of ingredient solutions.

The Kraft Heinz Company and Oprah Winfrey announced a joint venture called Mealtime Stories, LLC, whose mission is to create a new line of food that will make real, nutritious products more accessible to everyone.

DEVOUR, a new frozen meal line, launched nationwide in July, aiming to disrupt the $7.2 billion frozen meal category by introducing crave-able meals to a traditionally “good enough” category.

Albertsons Companies announced this week that it will be working with its suppliers toward a goal of sourcing only cage-free eggs for its store operations by 2025, based on available supply.