Walt Disney (DIS) Stock and Kraft Heinz (KHC) Stock: Multiyear Theme Park Food Partnership
TLDR
- Walt Disney and Kraft Heinz have signed a multiyear deal making Kraft Heinz the exclusive supplier of certain condiments, mac and cheese, and cream cheese across Disney’s North American parks, resorts, and cruise line.
- The deal covers 10 Kraft Heinz brands, including Heinz, Philadelphia, and Kraft Mac & Cheese, and extends to Disney’s studios and streaming platforms.
- Kraft Heinz will be able to use Disney characters on products sold in stores, and both companies will co-create branded content.
- Neither company disclosed financial terms; both stocks showed little movement following the announcement.
- Disney currently trades near $92.83, while Kraft Heinz sits at $25.36.
Walt Disney (DIS) stock trades near $92.83 and Kraft Heinz (KHC) sits at $25.36 as the two companies announce a multiyear food supply partnership covering Disney’s North American theme parks, resorts, and cruise ships.
The deal makes Kraft Heinz the exclusive provider of certain condiments, macaroni and cheese, and cream cheese across Disney World, Disneyland, and the Disney Cruise Line. Guests will begin seeing Heinz sauce dispensers, Kraft Mac & Cheese dishes, and Philadelphia cream cheese items on menus across hundreds of locations.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
