, have leaned into the trend by introducing more snacks and snapping up smaller brands. On Monday, Mondelez said it is acquiring Clif Bar for $2.9 billion.
"Those who scratched their head in 2012 about the zero-overlap Pringles deal should scratch no longer. It's the legacy North American business that didn't fit management's plans, and today's announcement makes that final," Consumer Edge analyst Jonathan Feeney wrote in a note to clients. Combined, Kellogg's plant-based division and North American cereal business accounted for about 20% of the company's revenue last year. The remaining business includes its snacks, noodles, international cereal and North American frozen breakfast brands.Names for the new companies haven't yet been decided, and proposed management teams for the two spinoffs will be announced by the first quarter of next year. Cahillane will stay on as chief executive of the global snacking company.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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.
स्रोत: ChicagoBreaking - 🏆 521. / 51 और पढो »
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.
स्रोत: FoxBusiness - 🏆 458. / 53 और पढो »
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.
स्रोत: wttw - 🏆 520. / 51 और पढो »
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
स्रोत: CBSNews - 🏆 87. / 68 और पढो »
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.
स्रोत: wsfa12news - 🏆 338. / 59 और पढो »