Kellogg to split into 3 companies

Seaport Securities founder Teddy Weisberg and Northwest Mutual Wealth Management chief investment strategist Brent Schutte debate the Fed’s interest rate plan on ‘The Claman Countdown.’

The three companies, which are being separated via tax-free spin-offs – include "Global Snacking Co.," "North America Cereal Co." and "Plant Co." The names of the companies will be determined at a later date. Nearly 60% of its net sales come from global snacks, less than a quarter come from cereal in international markets, approximately 10% come from noodles in Africa and less than 10% from frozen breakfast and the Eggo brand. would expand profit margins and is expected to be a higher-growth company than the current company, still under the leadership of CEO Steve Cahillane.

Kellogg's Corn Flakes owned by Kellogg Company is seen for sale at a store in Queens, New York City, U.S., February 7, 2022.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kellogg to split into 3 companiesThe spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year, the company said.
Source: wsfa12news - 🏆 338. / 59 Read more »

Kellogg to split into 3 companies: snacks, cereals, plant-based foodBreaking up food giant could help it boost growth in faster-growing segments, including plant-based foods. What if they were to take corn and make it flat and crispy? Could be good. Maybe even frost them with some sugar. So that’s why they are burning down all those food plants
Source: CBSNews - 🏆 87. / 68 Read more »

Kellogg is spinning off its cereal businessKellogg is splitting into three different companies in a major shakeup for the 116-year-old company. No doubt not to help their workers or consumers. My house is 113 years old..... Built 1909...still original. Well done Kelloggs... Best cereal Snap, Crackle and Pop
Source: CNN - 🏆 4. / 95 Read more »

Kellogg to Split Into Three Independent CompaniesKellogg, the maker of Frosted Flakes, Froot Loops and Eggo, announced Tuesday that it plans to split into three independent companies
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Stocks Making the Biggest Moves Premarket: Kellogg, Lennar, Spirit Airlines and OthersThese are the stocks posting the largest moves before the bell.
Source: nbcchicago - 🏆 545. / 51 Read more »