Kellogg To Split Into Three Companies, Focus On Snacks
Kellogg said on Tuesday that it was splitting into three independent companies by spinning off its North American cereal and plant-based foods businesses, becoming the latest big US firm to break itself up.
Shares of the company, which began life in 1894 when W.K Kellogg created Corn Flakes and became known around the world for its breakfast cereals, jumped 7% in pre-market trading. The division brought in $11.4 billion in net sales in 2021, accounting for 80% of its total sales.
ESM
Related news
Does Kellogg’s CEO think the poor should only eat muesli for dinner?
“Muesli for dinner is currently very trendy, and we expect…
Read more >Növényi alapú hamburgerrel kívánja felkelteni a mindenevő fogyasztók érdeklődését a Kellogg
A MorningStar Farms tulajdonosa az állati eredetű hamburgerek ízét és…
Read more >Kellogg seeks omnivore consumers’ attention with new plant-based burger
The MorningStar Farms owner is looking to recreate the taste…
Read more >Related news
Grilling cheese didn’t go up in smoke
The average price of grilling cheese is much higher (nearly…
Read more >What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >