Kraft Heinz will restate its financial results for the past three years

Posted by Aktis Team on 6 May 2019

Accounting problems at Kraft Heinz have widened as the company announced that it will receive its financial results going back to 2016. An internal investigation uncovered financial misstatements as well as misconduct in its procurement division. The company also received a second subpoena from the SEC relating to the write-down of its brands.

Wall Street Journal, Heather Haddon, May 6th 2019

Topics: News Watch, North America