Kraft Heinz Just Lost Berkshire’s Board Backing—Is A Breakup Or Buyout Next?

The Kraft Heinz Company has ignited speculation across the investment world with its recent confirmation that it is exploring “potential strategic transactions” aimed at unlocking shareholder value. This announcement comes at a time of mounting pressure for the food giant, which owns legacy brands such as Heinz, Oscar Mayer, and Kraft. Notably, the news coincided with another significant development: Berkshire Hathaway, a long-time stakeholder holding 27.5% of the company, has relinquished its board seats, with Timothy Kenesey and Alicia Knapp stepping down. The move is officially described as not being the result of any disagreement with management, but it raises questions about Berkshire’s evolving stance. Meanwhile, Kraft Heinz has revised its annual sales and profit outlook downward after six consecutive quarters of revenue declines. The company is grappling with persistent inflation, tariff uncertainty, and an increasingly price-sensitive consumer base, prompting it to re-evaluate its strategy. Below, we examine the four major drivers behind Kraft Heinz’s consideration of strategic alternatives, including a potential asset sale or restructuring.