Heinz has announced the first significant job cuts since the Warren Buffett / 3G Capital takeover only last year. Given 3G's track record with previous investments, the news the ketchup and soup company is "streamlining" its business should not be a huge surprise, writes Dean Best.
The owners-elect of Heinz have effectively brought in their own man to run the US food giant. Dean Best looks at what the appointment of Burger King boss Bernardo Hees could mean for the ketchup maker.
Heinz stunned the global food industry with news it had agreed to a US$28bn takeover offer from Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital - purported to be the largest-ever deal in the sector. Dean Best looks at what could lie ahead for the US food giant.