Kraft Heinz Sinks Near Record Low on $15.4 Billion Writedown - dailyOnews

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Thursday, February 21, 2019

Kraft Heinz Sinks Near Record Low on $15.4 Billion Writedown



Kraft Heinz Co. recorded a $15.4 billion non-cash charge to write down assets including some of its most well-known brands, a striking acknowledgment that changing consumer tastes have destroyed the value of some of the company’s most iconic products.

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