Skip to comments.McDonald’s ending relationship with Heinz
Posted on 10/25/2013 9:33:41 PM PDT by Olog-hai
McDonalds has lost its taste for Heinz ketchup.
The fast-food giant said in a statement Friday that it is cutting ties with the condiment company after 40 years due to management changes there. A former Burger King CEO became head of Heinz in June after the company was bought by Warren Buffetts Berkshire Hathaway and 3G Capital. 3G, a Brazilian investment firm, also controls Burger King.
The impact of the change may be tasted more overseas. In the U.S., McDonalds uses Heinz products only in Pittsburgh and Minneapolis restaurants.
(Excerpt) Read more at hosted.ap.org ...
That’s gonna leave a mark.
"McDonald's shares added 10 cents to close at $94.78. "
I do not purchase either one, so no bigge here.
Yep. Genius move Heinz.
Gasp! Heinz rejected? This is darn stressful to the few holders of preferred stock options. Theresa Kerry is needing more white raisins for tonights’ carafe of gin and tonics.
It never makes good sense to put your profits into the pockets of your competitor, this is the same reason you don’t find Pepsi products in McDonald’s.
Gedda me Heinz.
Hunt’s Natural Ketchup (without the HFCS) is better and cheaper.
I agree, I love their ketchup.
It's even better. Buffet used to own a large chunk of McDonald's and the stock price stagnated. The old liberal loudmouth sold his holdings, and the price has been going up ever since.
I saw some weird news this week. Berkshire bought a real estate agency, Prudential Fox & Roach. I can’t believe they think there’s going to be a major upswing in home sales, so maybe they plan to take advantage of the rapidly growing foreclosure / short sale market?
I think Berkshire looks at its semi-fascist relationship with the government when making buying decisions.
I see a convergence of fast food and 3D printers.....
Would you buy a house from a Roach?
It’s real good..
been using store brand for decades, can’t tell the difference. Now mustard is another story you can tell the difference. But you can get around that, easy enough, still some good off brands that also cost half as much.
My boys when growing up thought Heinz the best, I bought 1 bottle, when gone washed it and filled it with the store brand they never knew nor complained, all they had to see was the bottle label and they thought they were getting name brand.
To my knowledge, neither Theresa nor her late husband John Heinz had any significant stake in the company since John got into politics 50 years ago.
Bottom line is that no matter what happens with Heinz foods, it has zero impact on Theresa Heinz Kerry. She has absolutely nothing to do with that company.
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