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“#Kraft Heinz to pay more than $62M to settle SEC charges” Kraft Heinz and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier contracts to achieve cost savings in a multi-year accounting scheme, the Securities and Exchange Commission said Friday. The food company engaged in an array…
“#Kraft-Heinz thrives as pandemic spurs home dining” Kraft Heinz beat first-quarter revenue and profit estimates on Thursday as a year-long surge in demand for consumables including Lunchables crackers and Kraft Macaroni & Cheese held up even as the US economy gradually reopened. Shares rose 3 percent in noon trading after the company projected current-quarter organic…
“#Ketchup reportedly suffering from latest COVID-era shortage” The coronavirus pandemic has sparked a nationwide ketchup shortage that has restaurants scrambling to get ahold of America’s most popular condiment, a new report says. In especially short supply are ketchup packets, a hot commodity for eateries that have relied on takeout orders over the past year as…
“#Consumer brands invest in the work-from-home economy” Even with a coronavirus vaccine on the horizon, major manufacturers are betting big that working from home is here to stay. Major companies from Kimberly-Clark to J.M. Smucker Co. are either expanding their production of goods catering to at-home consumers or revamping it to target this group, according…
“#Heinz swag for babies conceived in lockdown goes out of stock” Heinz launched an interesting clothing and accessory line for babies who were conceived at the beginning of the coronavirus lockdown, and Canadian parents seem to absolutely love it. The limited-edition swag includes baby onesies and bibs, and has been branded as the “Lockdown Lovebaby Collection” by the food giant’s baby…