1. Trends & External Forces

Kraft Heinz is reportedly in talks to sell Planters for $3 billion to Hormel

Written by Posted on Less than 0 min read

Kraft Heinz is nearing a deal to sell its Planters brand to Hormel for roughly $3 billion, the Wall Street Journal reported Tuesday.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!
No Comments
Leave a comment Cancel
Comments to: Kraft Heinz is reportedly in talks to sell Planters for $3 billion to Hormel

    More from CNBC

    1. Shopper & Customer

    Target hopes value-hungry shoppers will come to the rescue this holiday season

    Target has put up three quarters of disappointing earnings results while trying to clear through excess inventory and woo price-sensitive shoppers. View Original Article Holiday & Events Operations & Supply Chain Results & Investment Shoppers Target CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
    < 1 min read
    0
    1. Department: Food

    Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose after Arkansas college football game

    Beyond Meat Chief Operating Officer Doug Ramsey was arrested Saturday after allegedly biting a man’s nose in an Arkansas parking garage. View Original Article Dept. Fresh Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
    < 1 min read
    0
    1. Department: Food

    Kraft Heinz sells nuts business, including Planters, to Hormel for $3.35 billion

    The business, which includes most Planters products and the Corn Nuts brand, contributed about $1.1 billion to Kraft Heinz’s 2020 sales. View Original Article Dept. Fresh KraftHeinz CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
    < 1 min read
    0
    1. Corporate Finance

    Deliveroo shares fall as it gives cautious guidance in first update since IPO flop

    Deliveroo said orders more than doubled year-on-year in the first quarter of 2021. But it warned growth could “decelerate” as coronavirus lockdowns ease. View Original Article COVID19 Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
    < 1 min read
    0
    1. Corporate Finance

    Op-ed: Why everything that can be automated, should be automated: Levi Strauss CFO

    168-year-old retailer Levi Strauss has a chief financial officer committed to investing in a digital future. View Original Article Executives Predictions and Forecasts Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
    < 1 min read
    0
    1. Corporate Finance

    Chili’s parent stock tumbles 10% after labor challenges and higher food costs hit earnings

    Brinker said it is raising prices to fight the higher labor and commodity costs, with a target of 3% to 3.5% for its fiscal year. View Original Article Associates Dept. Grocery Results & Investment Target CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
    < 1 min read
    0
    1. Channel: Department Stores

    Activist investor group says Kohl’s earnings show ‘best of worst’ in retail, continues push for change

    Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images The group of activists looking to seize control of Kohl’s board published a letter Friday morning saying the retailer’s latest quarterly financial results were lackluster and further demonstrate the need for an overhauled […]
    2 min read
    0
    1. Corporate Strategy

    Peloton’s top human resources executive is leaving the company

    Peloton Chief People Officer Shari Eaton is leaving the company to pursue another opportunity. View Original Article Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month […]
    < 1 min read
    0
    1. Channel: Mass

    Target to open mini Apple shops inside 17 stores in latest move to woo customers

    The retailer is trying to hang on to market share gains as the pandemic wanes and customers may feel comfortable returning to the mall or other competitors. View Original Article Brick and Mortar COVID19 Results & Investment Target CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in […]
    < 1 min read
    0
    1. Department: Food

    Panera Bread’s new design transforms it into a neighborhood bakery in a bid to build loyalty

    Panera Bread’s latest restaurant design looks to transform the soup and sandwich chain into a local neighborhood bakery, just with more technology. View Original Article Dept. Bakery Dept. Fresh Prepared Dept. Perimeter Marketing: Loyalty & Subscription Restaurants Technology & Innovation CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world […]
    < 1 min read
    0
    1. Data & Insights
    2. Trends & External Forces
    3. Holiday & Events

    Christmas tree sales are telling a holly, jolly economic story

    Tree sales are up 29% so far in 2020, according to a survey of retailers done by Evercore ISI. View Original Article Thick Data Economy Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
    < 1 min read
    0
    1. Operations & Supply Chain

    We’re starting a new position in a stock that will benefit from retail’s inventory glut

    Excess inventory has been a common theme throughout earning season. View Original Article Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across […]
    < 1 min read
    0
    1. ESG

    Is Patagonia the end game for profits in a world of climate change?

    Patagonia’s decision to donate profits to climate change is an example of why private and family businesses often do more for the planet than the stock market. View Original Article Results & Investment Sustainability CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
    < 1 min read
    0
    1. Channel: Restaurants

    Small towns fuel Chipotle Mexican Grill’s ambitious North American expansion plans

    Chipotle Mexican Grill is looking to smaller towns to fuel North American unit growth. View Original Article Dept. Fuel International - North America Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
    < 1 min read
    0
    1. International

    Chipotle earnings smash estimates as online sales overtake in-person orders

    Shares of Chipotle Mexican Grill have nearly doubled in value over the last year, giving it a market value of $42.8 billion. View Original Article International - North America Restaurants Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
    < 1 min read
    0
    1. Channel: Ecommerce & Digital

    Amazon Prime Day is coming up. Focus will be on consumer staples to counter surging inflation, experts say

    Amazon has moved its two-day shopping event to July this year. Here’s how to make the most of the big sale. View Original Article Amazon Consumers Economy Holiday & Events Marketing: Loyalty & Subscription CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
    < 1 min read
    0
    1. Uncategorized

    Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, trades, Emerson Electric

     The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all […]
    < 1 min read
    0
    1. Merchandising

    Peloton shares fall after company posts huge loss and offers weak guidance

    Peloton reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the company’s cash.  View Original Article Pricing & Promotions Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
    < 1 min read
    0
    1. Department: Nonfood

    Not going back to the office? How to turn your work clothes into cash

    If you’re hoping to part with your work wardrobe because your future includes less time in an office, there are a number of selling and donating options. View Original Article Dept. Apparel Dept. Nonfood Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business […]
    < 1 min read
    0
    Next