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Kraft Heinz will sell its North American coffee business to One Rock Capital Partners for $650 million, CNBC reported on Wednesday, November 4, 2026. The sale is part of CEO Steve Cahillane's effort to revive the company. The source gave no further details on timing or closing conditions.

Sources:CNBC Top News

1 outlet · 1 article · first seen Nov 4, 10:40 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLP closed at 88.95, down 2.07%, on 2026-11-03. Listed for: Consumer Staples sector ETF.

Every source article

Corroborated by 1 outlet (GDELT)