Kraft Heinz (NASDAQ:KHC) is reportedly breaking into two units to address sluggish sales in its processed foods division and unlock value as separate businesses. According to The Wall Street Journal,

A decade after the megamerger of Kraft and Heinz, the packaged food powerhouse is preparing to break up amid shifting consumer tastes and mounting financial pressure.

Kraft Heinz Co. is preparing to break itself up, people familiar with the matter said. Under the plan, the company could spin off a large part of its grocery business into a new entity, according to the people. This would allow it to focus on faster-growing segments such as sauces, they said.