Member log in

h j heinz

Buffett bags top Kiwi food brand

Warren Buffett: partnered with 3G Capital, known for ruthless cost-cutting

The US investor is paying $US23 billion for the company that owns Heinz Wattie's. His partner in the deal is famous for zero budgeting - a process where every department in a company starts annual planning with no money, rather than its previous year's budget, then has to fight for every dollar.