Farms.com Home   Ag Industry News

McDonald’s Ends 40 Year Relationship with Heinz

By Amanda Brodhagen, Farms.com

McDonald’s, the world’s largest burger chain, says it will stop using Heinz ketchup because the company’s new boss is the former CEO of Burger King.

Bernardo Hees, who led Burger King for three years, was recently appointed the new CEO of Heinz earlier this year. McDonald’s said in a statement that due to “recent management changes,” the company will transition over to a new ketchup supplier.

The move will likely benefit Heinz’s rival ketchup maker, Hunt’s which is owned by ConAgra Foods Inc. In June, Warren Buffett’s Berkshire Hathaway hedge fund bought Heinz, and named Hees as the CEO.

 


Trending Video

NEW U S China $17 Billion Trade Deal = New Bull Market in AG?

Video: NEW U S China $17 Billion Trade Deal = New Bull Market in AG?


The NEW U.S.-China $17 billion trade deal of “non-soybean” purchases for 26, 27 and 28 is very bullish ag!
The end to the Iran/U.S. war is near as both crude oil & fertilizer fall.
U.S. drought in the West and Southeast is slowly bleeding East and North.
U.S. HRW P/VP conditions increased again to the worst ever!
The godfather of AI (NVDA) beat all metrics with new revenue from Agentic AI & CPU’s.
Cattle on Feed bullish + CFTC.