02:31 PM EDT, 07/11/2025 (MT Newswires) -- (Updates with Kraft Heinz's ( KHC ) response in the second paragraph.)

Kraft Heinz ( KHC ) is preparing to spin off a large portion of its grocery business, including many Kraft products, into a new entity that may be valued at up to $20 billion, The Wall Street Journal reported Friday, citing people familiar with the matter.

"As announced in May, Kraft Heinz ( KHC ) has been evaluating potential strategic transactions to unlock shareholder value," a Kraft Heinz ( KHC ) spokesperson said in an emailed statement to MT Newswires. "Beyond that, we do not comment on rumors or speculation."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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