In 2012 Kraft Foods split into two separate publicly traded companies, Mondelez International, which held the global snack food brands, and Kraft Foods Group, which held the North American grocery business. The split separated a slower growing, cash generating grocery business from a faster growing global snacks business so that each could be valued and managed on its own terms.
Facts
Cross-Tradition Connections
Sources
1. Wikipedia, Mondelez International
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The present enterprise has operated since 2012 when Kraft Foods Inc. was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods Group, which three years later merged with Heinz to form Kraft Heinz.
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