Kraft Heinz writes off USD 15bn in 2018

Published: 28.02.2019 Related countries:  U.S.A. U.S.A.

Kraft Heinz writes off USD 15bn in 2018

The global food market has experienced a major change, writes Hospodářské noviny. Customers demand health-promoting goods, so they are more likely to look for smaller, less-known manufacturers. For instance, the food company Kraft Heinz therefore had to write off USD 15bn in the value of its major brands in 2018, accounting for a loss of more than USD 10bn.

Source: www.cianews.cz

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