NORTHFIELD, Ill. — Kraft Foods said last week it plans to spin off its North American grocery business and create two separate companies — one focused on the high-growth snack business and the other on its iconic grocery brands. The surprise move comes 18 months after Kraft acquired Cadbury, bolstering its snack and candy product lines. In a conference call with analysts, Irene Rosenfeld, chairman and chief executive officer, Kraft Foods, said the company had been discussing a split of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.