Kraft Heinz will split into two focused, independent companies: Global Taste Elevation Co. and North American Grocery Co. by H2 2026. This move unwinds the 2015 merger, aiming for greater focus, reduced complexity, and unlocking brand potential for long-term growth and value.
Celsius & PepsiCo deepen partnership: Celsius acquires Rockstar (US/Canada), Alani Nu to PepsiCo distribution, PepsiCo invests $585M for ~11% stake. Celsius leads US energy strategy, PepsiCo handles distribution for full portfolio.
Walmart's second-quarter results exceeded revenue expectations due to e-commerce growth, but shares fell as profits missed forecasts for the first time in three years.
Amazon targets grocery dominance using Prime and same-day delivery, but Instacart, DoorDash, and Walmart have competitive strengths of their own. Can it overcome vast infrastructure and selection gaps?
Target appoints Michael Fiddelke CEO, effective 2026. Despite Q2 earnings beating estimates with improved traffic and digital growth, shares fell as annual forecasts remain unchanged amidst retail challenges.
