asterisk2a + commoditization + synergy   1

Buffett-Backed Kraft Heinz Cuts 2,500 Jobs as Hees Targets Costs - Bloomberg Business
[ fifth-largest food and beverage company. ] Kraft Foods and H.J. Heinz merged in July in a deal orchestrated by Buffett and 3G Capital, which jointly controlled the ketchup company. 3G’s Bernardo Hees, who is now running the combined foodmaker, cut more than 7,000 jobs in 20 months after taking over at Heinz. Berkshire Vice Chairman Charles Munger has endorsed the job cuts, saying such measures are essential to a productive capitalist system. [...] The alternative to reducing staff is “what happened in Russia,” Munger said at Buffett’s annual meeting in May. “The whole damn economy didn’t work.” // &! https://en.wikipedia.org/wiki/Cadbury#Acquisition_by_Kraft_Foods &! https://en.wikipedia.org/wiki/Mondel%C4%93z_International
conglomerate  M&A  processed  food  junk  food  food  industry  fast  food  synergy  Wall  Street  commodity  business  commoditization  profit  maximisation  shareholder  value  recovery  2015  USA  Big  Sugar 
august 2015 by asterisk2a

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