Kraft Heinz selling beloved coffee brand in $650M deal: Here’s why

Published on: 11/13/2026

This news was posted by Oregon Today News

Description

Kraft Heinz is giving up control of one of coffee's most recognizable brands. Here's why, and what the company plans to do with the roughly $500 million it expects to get from the $650 million deal.

Kraft Heinz is giving up control of one of coffee’s most recognizable brands as the food giant shifts its attention toward parts of its business it believes have more room to grow. It also plans to use proceeds from the sale to pay down debt.

News Source : https://www.oregonlive.com/nation/2026/11/kraft-heinz-selling-beloved-coffee-brand-in-650m-deal.html

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