Warren Buffett’s Berkshire Hathaway Replacement Rethinks Big Food Bets as the MAHA Movement Grows
Up against shelves of better-for-you options, Kraft-Heinz has been struggling.
BY ALI DONALDSON, STAFF REPORTER @ALICDONALDSON
Warren Buffet. Photos: Getty Images
Within his first month on the job, Warren Buffett’s successor sent a clear message: Big food may not be the best bet right now. Berkshire Hathaway’s new CEO, Greg Abel, who took over at the start of this year, signaled that the Omaha, Nebraska, holding company could be offloading its entire stake in Kraft Heinz.
In a filing with the SEC, Berkshire Hathaway registered its holdings in the ailing $26 billion food behemoth—a move that allows it to sell all of its shares. Berkshire Hathaway is Kraft Heinz’s largest shareholder with a 28 percent........
