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McDonald’s ending relationship with Heinz
Associated Press ^
| Oct 25, 2013 5:38 PM EDT
| Sarah Skidmore Sell
Posted on 10/25/2013 9:33:41 PM PDT by Olog-hai
McDonald’s 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 Buffett’s 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., McDonald’s uses Heinz products only in Pittsburgh and Minneapolis restaurants. …
(Excerpt) Read more at hosted.ap.org ...
TOPICS: Business/Economy; Chit/Chat; Food; Miscellaneous
KEYWORDS: berkshirehathaway; heinz; ketchup; mcdonalds; warrenbuffett
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1
posted on
10/25/2013 9:33:41 PM PDT
by
Olog-hai
To: Olog-hai
That’s gonna leave a mark.
2
posted on
10/25/2013 9:34:05 PM PDT
by
dfwgator
To: Olog-hai
I like this little shot near the end of the article...
"McDonald's shares added 10 cents to close at $94.78. "
3
posted on
10/25/2013 9:36:52 PM PDT
by
Joe 6-pack
(Qui me amat, amat et canem meum.)
To: Olog-hai
I do not purchase either one, so no bigge here.
To: dfwgator
5
posted on
10/25/2013 9:51:42 PM PDT
by
Ouchthatonehurt
("When you're going through hell, keep going." - Sir Winston Churchill)
To: Olog-hai
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.
To: Olog-hai
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.
7
posted on
10/25/2013 9:56:57 PM PDT
by
Mastador1
(I'll take a bad dog over a good politician any day!)
To: lee martell
8
posted on
10/25/2013 10:04:13 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY)
To: Olog-hai
9
posted on
10/25/2013 10:30:36 PM PDT
by
Wiggins
To: Olog-hai
10
posted on
10/25/2013 10:49:21 PM PDT
by
NonValueAdded
(It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
To: Olog-hai
Hunt’s Natural Ketchup (without the HFCS) is better and cheaper.
To: Extremely Extreme Extremist
I agree, I love their ketchup.
12
posted on
10/25/2013 11:14:10 PM PDT
by
gattaca
("Nothing can stop the man with the right mental attitude from achieving his goal." Thomas Jefferson)
To: Joe 6-pack
I like this little shot near the end of the article... 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.
13
posted on
10/25/2013 11:22:54 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Moonman62
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?
To: Lancey Howard
I think Berkshire looks at its semi-fascist relationship with the government when making buying decisions.
15
posted on
10/25/2013 11:48:46 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Olog-hai
I see a convergence of fast food and 3D printers.....
To: Olog-hai
To: clearcarbon
When/if I ever eat at Ronnie's Steakhouse...I'll bring my own.
18
posted on
10/26/2013 1:49:56 AM PDT
by
Daffynition
(*$17,000,000,000,000*)
To: Lancey Howard
I saw some weird news this week. Berkshire bought a real estate agency, Prudential Fox & Roach. Would you buy a house from a Roach?
19
posted on
10/26/2013 4:23:30 AM PDT
by
SES1066
(To expect courteous government is insanity!)
To: Extremely Extreme Extremist
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