Berkshire Hathaway Inc (BRK.B): "Maybe Kraft Heinz has turned the corner...

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sunspotter

Re: Prudent Capitalist post# 1489

Friday, 02/12/2021 6:26:26 AM

Friday, February 12, 2021 6:26:26 AM

"Maybe Kraft Heinz has turned the corner."

Let's hope so. From today's FT:

"Perhaps sellside M&A will prove easier for 3G and Warren Buffett than purchases. The Brazilian private equity firm and the Oracle of Omaha built Kraft Heinz up through pricey acquisitions. But the edifice began to collapse in 2019 when Kraft Heinz took a $15bn writedown on various laggard brands. The group has been retrenching since, trying to shed what was once a $30bn debt load."

The rest of the article is behind a paywall. This link will work three times, so first come, first served:

https://on.ft.com/3adPXTx

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