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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…
Bernie Marcus, Billionaire Co-Founder Of The Home Depot From NJ, Dead At 95
Bernie Marcus, who helped found The Home Depot and grew up in Newark, died on Monday, Nov. 4 at the age of 95, the hardware chain announced.
Born to Russian Jewish immigrants, Marcus dreamed of being a doctor while growing up in Newark, according to an obituary posted by The Home Depot. His family couldn't afford medical school, so he attended Rutgers University and received a degree in pharmacy, his obituary reads.
Marcus worked for several companies before he became chairman of the board and president of Handy Dan Improvement Centers, according to his obituary. After getting fired from Ha…
