NEW YORK, July 11 (Xinhua) -- U.S.-based multinational food company Kraft Heinz is preparing to break itself up, a decade after a merger of two of the biggest names in packaged foods that was orchestrated by U.S. investor and philanthropist Warren Buffett and Brazilian private-equity firm 3G Capital, The Wall Street Journal said Friday.
The company is planning to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as 20 billion U.S. dollars on its own, The Wall Street Journal said. That would leave the company housing goods such as Heinz's namesake ketchup and Dijon mustard brand Grey Poupon.
