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Oct 30
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Jonathan Trimble's avatar

So true. The ā€œconglomerate taxā€ is what I’ve heard used elsewhere of groups whose companies no longer have any cohesion or material shared cost structure, that then get valued by their weakest, ageing link. I think even broken up Kraft-Heinz will struggle to find that cohesion. The Heinz brand itself could probably be sold off for more than the group.