Rafael Oliveira, who has been food giant's Australia CEO, replaces Matthew Hill. Kraft Heinz Co. is making a change at the helm of its European operations, where performance so far this year lags ...

U.S. food giant Kraft Heinz Co. confirmed that it's made an offer to buy Europe's Unilever and been rejected. The company said Friday that talks are ongoing, but that no deal can be assured.

Kraft Heinz has signalled it believes its business in Europe will see improving results as the US food giant moves through 2016. The Heinz ketchup and Lunchables snacks maker saw its shares jump ...