Breaking Ties: Kraft Heinz Closes Business Operations in Russia
Valutico
APRIL 24, 2023
While expanding its portfolio in 2021 and 2022 with acquisitions like Brazil’s Hemmer condiment and sauce company and an 85% stake in Germany’s Just Spices GmbH, the company has also recently agreed to sell its Russian baby food business to Chernogolovka. Net income increased 131.3% Adjusted EBITDA decreased 5.8%
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