Warren Buffett ends bet on baked beans

Ten years after Kraft Foods and Heinz were merged with the help of Warren Buffett and Brazilian private-equity firm 3G Capital Partners, Kraft Heinz is now preparing to break itself up, say Lauren Thomas and Jesse Newman in The Wall Street Journal. The idea is to spin off a large chunk of its grocery business, leaving a firm focused on goods such as sauces and spreads, like Heinz’s namesake ketchup and Dijon-mustard brand Grey Poupon. Big food companies are “facing a reckoning as inflation-weary...