Kraft Heinz Co achieved the target of cutting $1.7 billion in costs by the end of 2017

The fifth-largest food and beverage company in the world, which would announce its quarterly results on Friday, said it slashed its operating costs by over 5 percent since it acquired Kraft Foods Group in 2015.

U.S. food and beverage company Kraft Heinz Co had achieved the target of cutting $1.7 billion in costs by the end of 2017, the company said in a presentation on Thursday.

The fifth-largest food and beverage company in the world, which would announce its quarterly results on Friday, said it slashed its operating costs by over 5 percent since it acquired Kraft Foods Group in 2015, reports Reuters.

Shares of the company, which owns brands such as Velveeta cheese and Heinz ketchup, closed up 1 percent on Thursday ahead of the presentation that it had announced earlier this week.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Paperfly launches delivery services covering 64 districts in Bangladesh
The miracle of Hyperbaric Oxygen Therapy (HBOT) and its potential in Bangladesh
Majority of Americans support transgender military service
Earl Robert Miller selected as next ambassador for Bangladesh
TOTAL QUARTZ 3500 SUPER engine oil launched in Bangladesh

Advertisement

News of the Month

February 2018
S M T W T F S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  
Scroll Up
%d bloggers like this: