Berkshire Hathaway's Kraft Heinz Loss: A Rare Misstep
Update: 2025-12-23
Description
Berkshire Hathaway removed Kraft Heinz from its operating companies list in April, ahead of a five billion dollar investment write-down and board member exits. The company, which holds a twenty-seven percent stake, initially bought Heinz for twenty-three billion dollars in 2013 and merged it with Kraft in 2015. However, the combined company faced challenges, including layoffs, writedowns, and sales drops due to changing consumer preferences. Kraft recently announced a split into two units. This move is considered one of Buffetts rare missteps as Berkshire approaches one trillion dollars in value and prepares for a leadership transition.
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