3G Capital quietly exited its Kraft Heinz investment last year

3G Capital exited its investment in Kraft Heinz last year, marking an end of an era for the Brazilian private equity firm.

Warren Buffett stood by 3G and Kraft Heinz. Berkshire Hathaway remains the food company's largest shareholder.in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. The company added that Buffett's Berkshire Hathaway, its largest shareholder with a 26.8% stake, is a committed long-term owner.Berkshire and 3G's doomed romance began on Valentine's Day in 2013 when the two firms announced they were teaming up to take Heinz private. The merger with Kraft Foods followed two years later.

But the packaged food business presented new challenges. Consumers were shifting to eating more fresh food. Plus, retailers' private-label brands and newcomers touting themselves as a

Canada Canada Latest News, Canada Canada Headlines

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

3G Capital Exits Investment in Kraft HeinzBrazilian private equity firm 3G Capital has exited its investment in Kraft Heinz, marking the end of an era. After a disastrous quarter in 2019, some investors blamed 3G's aggressive cost-cutting strategy. Warren Buffett, however, stood by 3G and Kraft Heinz. Berkshire Hathaway remains the food company's largest shareholder.
Source: NBCDFW - 🏆 288. / 63 Read more »