News of the potential deal came after another household name, WK Kellogg, agreed to a $3.1 billion buyout from Ferrero.

Kraft Heinz Co. (Nasdaq: KHC) is exploring the breakup of its business operations, considering spinning off grocery brands into a separate company worth as much as $20 billion, the Wall Street Journal said Friday,

Kraft Heinz is preparing to break itself up in what could be its most significant restructuring since the company’s formation in 2015, The Wall Street Journal reported on Friday. Nearly a decade after the blockbuster merger between Kraft and Heinz—engineered by Warren Buffett’s Berkshire Hathaway and private equity firm 3G Capital—the packaged