Kelloggs to Split Into Three Companies

  • 📰 ComicBook
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 68%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Kelloggs is splitting into three different companies and social media is abuzz. The corporation [...]

Kelloggs is splitting into three different companies and social media is abuzz. The corporation just announced that they would become Global Snacking Co., North America Ceral Co., and Plant Co. Each of those distinctions splits into distinct buckets based on the products that Kellog's produces. For the snacking arm, there are favorites like Pringles, Pop-Tarts, Rice Krispies Treats, Cheez-It and Nutri-Grain bars.

"Kellogg has been on a successful journey of transformation to enhance performance and increase long-term shareowner value, said Kellogg CEO Steve Cahillane in a statement."These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities."

On their website, the company tried to explain how the move to split would benefit their output. A lot of commenters on social media are still confused as to how this ends up benefitting the consumer rather than the corporation itself. There was also a lot of murmurs of the move coming so soon after some work stoppages in 4 plants including Battle Creek, Michigan, home of the brand.

"These actions will provide employees with new opportunities for growth and development, building on the K values and incredible corporate culture that exists at Kellogg Company today," their explanation begins."All three businesses have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities.

"In recent years, the Company has transformed its portfolio into one that has expanded geographically and shifted toward growing businesses, particularly in snacking categories.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 65. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 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 »

Kellogg to split into three companies, with snack division headquarters in ChicagoThe snack company – which accounts for 80% of Kellogg's current sales – will have dual campuses in Battle Creek and Chicago, with its headquarters in Chicago.
Source: cbschicago - 🏆 546. / 51 Read more »

Kellogg Co. will split into three companies, with snack headquarters in ChicagoKellogg Company will spin itself off into three separate companies focused on cereal, plant-based foods and snacks.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »

Kellogg to Split into 3 Companies; Corporate HQ for High-Growth Snacks Company Coming to ChicagoThe cereal and plant-based meat companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company will be headquartered in Chicago with a campus in Battle Creek, Michigan.
Source: wttw - 🏆 520. / 51 Read more »

Kellogg to split into 3 companiesKellogg Company said that it would split its North American cereal and plant-based foods businesses into three independent companies, expanding profit margins.
Source: FoxBusiness - 🏆 458. / 53 Read more »