Kraft Heinz Co. is reportedly exploring a significant corporate restructuring, potentially splitting into two entities: a grocery division and a Taste Elevation segment.

Kraft Heinz Co. is preparing to break itself up, people familiar with the matter said, as the US food company looks to combat shifting consumer sentiment and reverse a sagging share price.Under the plan,

The Wall Street Journal reports the Chicago-based company could spin off a large piece of its grocery business into a new entity worth as much as $20 billion.