Pages

Friday, February 22, 2019

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.

from Investing https://ift.tt/2EoKF7G
via IFTTT