Kraft Heinz Splitting Into Two Companies In Major Shakeup: What To Know
The Kraft Heinz Company, maker of household staples like Heinz ketchup and Kraft Mac & Cheese, will undo its merger and split into two companies.
Kraft Heinz announced the move in a news release on Tuesday, Sept. 2. The split is expected to be completed by the second half of 2026.
One company, temporarily named "Global Taste Elevation Co.," will house global sauce, spread, and meal brands such as Heinz, Philadelphia cream cheese, and Kraft Mac & Cheese. The second, with a placeholder name of "North American Grocery Co.," will focus on staples like Oscar Mayer, Kraft Singles, an…
TGI Fridays Closing These 'Underperforming' Northeast Restaurants
TGI Fridays is closing nearly 30 "underperforming" locations across the northeast and will sell eight restaurants to the chain's former CEO, the chain said in a news release.
The 27 closures include restaurants in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Virginia. In total, 36 TGI Fridays locations are shutting down nationwide.
The company says about 1,000 employees, which represent more than 80% of those impacted, will be offered transfer opportunities.
"As we continue along our path of transformation to revitalize the Fridays brand and …
