New York —
Dearly beloved: We gather here to recognize the dissolution of one of the most ill-advised unions in Corporate American history, Kraft Heinz.
ICYMI: The misguided mega-merger orchestrated by Warren Buffett a decade ago is donezo after years of weak sales and falling share prices. The food conglomerate said Tuesday it plans to split up into two new as-yet-unnamed companies — one focused on faster-growing “sauces” businesses (Heinz Ketchup, Philadelphia cream cheese) and the other taking on struggling products like Lunchables, Capri Sun and Kraft Singles.
The food behemoth’s conscious uncoupling comes as it and a handful of other conglomerates embrace an old Business 101 trick for when you’ve run out of ideas or simply lost the pulse of customer trends: Just bulk up and sl