News Formal

Kraft Heinz wants Latin America to become its second-largest market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

The packaged food maker aims to double the pace of its sales growth in the region in the next five years

Sao Paulo — Kraft Heinz aims to double the pace of its sales growth in Latin America, making the region its second-largest global market within the next five years, the top regional executive of the packaged food maker said.

Chicago-based Kraft Heinz now considers the region its fourth-largest market outside the US, behind Britain, Canada and Australia. Brazil is home to four of Kraft Heinz’s six Latin American factories, employing about 4,300 people. That has included the addition of cheaper brands, including the acquisition of local sauce manufacturer Hemmer for 1.2-billion reais in September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How market research can boost your marketing strategyHow market research can boost your marketing strategy Businesses use market research to make better business decisions that maintain their competitive edge.
Source: TheSAnews - 🏆 25. / 59 Read more »