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Kraft Heinz is recalling some American cheese slices because the wrappers could pose choking hazard
Read full article: Kraft Heinz is recalling some American cheese slices because the wrappers could pose choking hazardKraft Heinz is recalling more than 83,000 cases of individually-wrapped Kraft Singles American processed cheese slices because part of the wrapper could stick to the slice and become a choking hazard.
Struggling Kraft Heinz sells dairy brands to Lactalis
Read full article: Struggling Kraft Heinz sells dairy brands to LactalisKraft Heinz said Tuesday that it is selling its natural cheese business — including its Cracker Barrel and Breakstone’s brands — to French dairy company Lactalis Group as part of a larger restructuring. Kraft Heinz, however, will keep its Philadelphia cream cheese brand, Kraft singles and the Velveeta and Cheez Whiz brands. Kraft Heinz — formed in a 2015 merger — has been struggling as consumers increasingly seek fresh, minimally processed foods. Kraft Heinz CEO Miguel Patricio said the sale of the natural cheese brands is an example of that portfolio management. Lactalis Group — whose brands include President specialty cheese and Stonyfield Organic yogurt — said the Kraft Heinz brands are a good strategic fit.
Retailers among 2019's worst stocks
Read full article: Retailers among 2019's worst stocksSpencer Platt/Getty Images(CNN) - Looking for more proof of just how hard it is for traditional retailers to compete in a world that's increasingly dominated by Amazon? Nordstrom and Gap are the worst-performing stocks in the S&P 500 so far this year. Several other big brick-and-mortar retailers are among the market's biggest losers of the first half of 2019. All of those companies have recorded sluggish sales and profits as consumers increasingly shop online. And Home Depot, which faces less competition from Amazon and online shopping in general, is up more than 20%.