Is Robert Kraft Part Of Kraft Foods
So, you've been munching on a Kraft Mac & Cheese, and it got you thinking, "Hey, is Robert Kraft, the guy who owns the Patriots, part of Kraft Foods?" Let's dive in, shall we?...
So, you've been munching on a Kraft Mac & Cheese, and it got you thinking, "Hey, is Robert Kraft, the guy who owns the Patriots, part of Kraft Foods?" Let's dive in, shall we?
First things first, who's Robert Kraft?
Robert Kraft is a billionaire businessman and philanthropist, born and raised in Brooklyn, New York. He's the chairman and CEO of Kraft Group, a holding company that includes the New England Patriots football team, among other things. But he's not the guy behind your favorite boxed dinner.
Now, let's talk about Kraft Foods.
Kraft Foods, now known as Kraft Heinz, is a multinational food and beverage company. It's the fifth-largest food and beverage company in the world, with brands like Kraft, Heinz, Oscar Mayer, and yes, that iconic Mac & Cheese. But here's the thing, Robert Kraft isn't part of the Kraft Foods family.
Must Read
In fact, the Kraft in Kraft Foods comes from James L. Kraft, who founded the company in 1903. He's the one who brought us processed cheese and made it possible for us to enjoy grilled cheese sandwiches year-round.
1,119 The Kraft Group Robert Kraft Stock Photos, High-Res Pictures, and
So, what's the connection?
Here's where it gets a little interesting. In 2010, Robert Kraft's company, Kraft Group, invested in a company called H.J. Heinz. A few years later, in 2015, Kraft Foods merged with Heinz to form Kraft Heinz. But that doesn't mean Robert Kraft is running the show over there.
You see, when companies merge, it's not always a 50/50 split. In this case, Kraft Foods was the bigger company, so it got to keep its name. But Heinz brought some serious cash to the table, and that's where Kraft Group's investment comes in. It's like they all chipped in to buy a really big pizza, but Kraft Foods got to put their name on the box.
1,927 The Kraft Group Robert Kraft Stock Photos, High-Res Pictures, and
But wait, there's more!
Here's where it gets a bit confusing. In 2017, Robert Kraft's company sold its stake in Kraft Heinz. So, even though Kraft Group was involved in the merger, they're not part of the company anymore. It's like they helped build a house, but then they moved out and rented it to someone else.
So, next time you're enjoying a Kraft Dinner, you can tell your friends that Robert Kraft had a hand in bringing it to your table. Just don't tell them he's not actually related to the Kraft in Kraft Foods. That might ruin the fun.