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The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its grocery business was spun off to a new company called Kraft Foods Group. The name is derived from the Latin word mundus ("world") and delez, a fanciful modification of the word "delicious." [7] [8] [9]
In November 2007, Kraft agreed to sell its cereal unit to Ralcorp Holdings, a major private-label food maker, for $2.6 billion in a form of a spin-off merger. This would add 50% to Ralcorp's sales, to $3.3 billion, and will be used for Kraft's debt payment, which was at $13.4 billion, in danger of a downgrade by Standard and Poor's.
Number of employees. 22,500 (2015) Parent. Kraft Heinz. Website. kraftheinzcompany.com. Kraft Foods Group, Inc. was an American food manufacturing and processing conglomerate, [2] split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015.
When shares of old Kraft stock broke into two components last fall, most investors expected the higher-growth Mondelez International global snacks business to be the more attractive segment of the ...
In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Mondelez International's earnings report. The company missed estimates on earnings per share and revenue, and ...
Kraft Foods Group Inc. (NASDAQ: KFT) is again outlining more and more of its outlook for what the company will look like after its reorganization. It is also giving more details on the coming ...
I note that the article for the spin-off Kraft Foods does not include any history before the announcement of the spin-off. I propose that Mondelez International's History section follow the pattern of the spin-off Kraft Foods and exclude everything before the announcement of the spin-off in 2011. That text would be replaced with a link to the ...
Towards the end of November food giant J.M. Smucker held its earnings conference call. Sales and free cash flow declined 4% and 70% respectively . Lower prices and a lower level of accounts ...