Kraft Heinz banks on Anheuser-Busch executive in strategy shift

(Reuters) – Kraft Heinz Co said on Monday it would replace Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev marketing chief Miguel Patricio, as one of the world’s largest packaged food companies looks to reinvigorate its brands after years of cutting costs dented their value. FILE PHOTO: A Heinz Ketchup Continue Reading

Anheuser-Busch InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

HONG KONG (Reuters) – The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Anheuser-Busch InBev is Continue Reading

Australia’s Lendlease hires banks to run engineering unit sale: sources

SYDNEY (Reuters) – Australian construction firm LendLease Group has appointed Morgan Stanley and local adviser Gresham to run the sale of its underperforming engineering and services business (E&S), two people aware of the matter told Reuters on Thursday. The investment banks have sent term sheets to a host or prospective Continue Reading