Kraft Foods Inc.

Kraft Foods Inc.
Company typePublic
NYSE: KFT
IndustryFood
DefunctAugust 2011 (2011-08)
FateAssets divided[1][2][3]
HeadquartersNorthfield, Illinois, U.S.
Area served
Worldwide
Key people
Irene Rosenfeld (chairman & CEO)
ProductsUltra-processed food

Kraft Foods Inc. (/ˈkræft/) was a multinational confectionery, food and beverage conglomerate.[4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang.[5] Forty of its brands were at least a century old.[6]

The company was headquartered in Northfield, Illinois, near Chicago.

Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group.[7] In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company.[8] The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods,[9][10] now a part of Kraft Heinz.[11]

  1. ^ "News Releases". phx.corporate-ir.net. Archived from the original on January 14, 2016. Retrieved March 25, 2015.
  2. ^ "Mondelez? Puh-LEEZE!", Jess Collen, Forbes, 21/03/2012
  3. ^ "Kraft Heinz Company". Retrieved August 11, 2016.
  4. ^ Cite error: The named reference kficompany was invoked but never defined (see the help page).
  5. ^ "Developing Markets' Growth Rockets Tang To "Billion-Dollar" Status". Kraft Foods. Archived from the original on March 14, 2012. Retrieved August 4, 2011.
  6. ^ "Largest Brands". Kraft Foods. April 8, 2011. Archived from the original on August 1, 2011. Retrieved August 4, 2011.
  7. ^ Cite error: The named reference DJIA was invoked but never defined (see the help page).
  8. ^ Helen Thomas (August 4, 2011). "Kraft announces plans to split". The Financial Times. Archived from the original on September 26, 2011. Retrieved August 4, 2011.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  9. ^ "News Releases". phx.corporate-ir.net. Archived from the original on January 14, 2016. Retrieved March 25, 2015.
  10. ^ "Mondelez? Puh-LEEZE!", Jess Collen, Forbes, 21/03/2012
  11. ^ "Kraft Heinz Company". Retrieved August 11, 2016.

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