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Kraft Heinz has put its planned break-up on hold, as its new chief executive revealed plans to invest $600 million to revive the struggling food company.
Steve Cahillane, who took over as CEO in January, said on Wednesday that the US consumer goods group will halt work on splitting the business in two, a move that would have derailed the megamerger orchestrated by Warren Buffett and 3G Capital a decade ago.
“My number one priority is to return the business to profitable growth, which will require ensuring that all resources are fully focused on the implementation of our operating plan,” Cahillane said.
The announcement came as Kraft Heinz announced weak quarterly results, with net sales falling 3.4 percent to $6.4 billion in the final three months of 2025.
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