Home / Top News / Kraft Heinz write-down puts focus on years of cost cuts, shares fall 27 percent

Kraft Heinz write-down puts focus on years of cost cuts, shares fall 27 percent

Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.

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