MEMBERS ONLY: The Kraft Heinz story - a cautionary tale about Warren Buffett and SA’s Tiger Brands
This week’s BizNews Premium-only episode from our partners at the Financial Times is drawn from the Unhedged podcast where host Rob Armstrong and Lex Column editor John Foley take a deep dive into story that followed the acquisition of Heinz and Kraft by Brazil’s 3G Capital and Warren Buffett in 2013. It seemed like a classic play from the world’s most famous investor: buy boring staples with long histories and hold them forever. But not this time. Armstrong and Foley talk about Buffett’s exit from a merger on the verge of a spinoff. Also they go long crypto and long Trump Tariffs on August 1 - no TACO Trade this time…..
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