Big Food is slimming down.
As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting up or divesting iconic brands. Last year, Unilever
spun off its ice cream business into The Magnum Ice Cream Company. Kraft Heinz
is preparing to break up later this year, undoing much of the merger forged more than a decade ago by Warren Buffett’s Berkshire Hathaway and private equity firm 3G Capital. And Keurig Dr Pepper
is planning a similar split after it finishes its acquisition of JDE Peet’s.
