Kraft Heinz will cut $2 billion in costs and will reinvest in its brands
CHICAGO — Kraft Heinz plans to cut $2 billion in costs over the next five years and put the savings into marketing brands with the highest potential for growth, part of a reorganization the legacy food maker hopes will make it more relevant to consumers.The strategy, announced Tuesday at the company’s investor day, is reminiscent of the deep cost-cutting that took place after the 2015 merger of Kraft Foods and H.J. Heinz, which led to the layoffs of thousands of employees.But CEO Miguel Patricio, who took the helm of the company in July 2019, said he is taking the company in a different direct...
Riley Reiff remains with the Vikings under a reworked deal
After a tense 24 hours where it appeared the Vikings might be remaking their offensive line again, they will head into the season with their starting left tackle still on the roster.Riley Reiff agreed to a restructured contract that will keep him in Minnesota, NFL sources confirmed on Tuesday afternoon, a day after Reiff took time away from the team to consider his options.The Vikings, who had just over $200,000 in salary cap space after Sunday’s trade for defensive end Yannick Ngakoue, approached Reiff with a reworked deal that would help the team clear cap room. It’s believed the new deal wi...
Star Tribune (Minneapolis)
'This is my happy place.' Sammy Watkins fine with less money, output to stay in KC
Part I: Sammy Watkins would like to be bigger component of the Chiefs’ offense. He thought he would be when he signed a $48 million deal in 2018.Part II: Sammy Watkins is happy in Kansas City. Wanted to come back this year. Even took less money to do it.Both parts can be true.Both are true, he emphasized Sunday, his first meeting with media since agreeing to restructure his contract to stay in Kansas City.“I think every receiver or any player wants to go out there and do well and score touchdowns or catch as many balls as you possibly can and get the yards. Myself, I want those types of things...
The Kansas City Star