Kraft Heinz’s shares fell 13 per cent on Thursday morning, taking the decline for the year to 38 per cent. Photograph: Scott Morgan/Reuters

Kraft Heinz, the Warren Buffett-backed food company, has disclosed another $1.2 billion (€1.07 billion) of write-downs, on top of the $15 billion char(...)

Kraft Heinz took a $15 billion (€13 billion) writedown in February to reflect a decline in the value of some of its biggest brands

Kraft Heinz’s chief executive is leaving the food company after a profit warning that shook the global consumer goods industry. Bernardo Hees will be(...)