There is a precedent here — ironically from Chicago-based Mondelez. After Kraft was spun off, Mondelez retained the sexier ...

Kraft Heinz plans to spin off part of its grocery business, a move aimed at boosting shareholder value amid changing consumer trends.

News of the potential deal came after another household name, WK Kellogg, agreed to a $3.1 billion buyout from Ferrero.

On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss an unusual new product launch and continued consolidation among packaged food conglomerates. Then, ...