Kellogg plans to split into three companies

Kellogg's Corn Flakes, owned by Kellogg Company, are seen for sale in a store in Queens, New York City, US. File photo: REUTERS/ANDREW KELLY

The share price of the company, which began life in 1894 when WK Kellogg created Cornflakes and became known around the world for its breakfast cereals, jumped 7% in premarket trading on Tuesday. Kellogg said that its other two divisions — US, Canadian and Caribbean cereal and plant-based businesses — collectively represented about 20% of its net sales in 2021.The Battle Creek, Michigan-based company said snacks would be the biggest focus among the three. It will be helmed by Kellogg CEO Steve Cahillane and include brands such as Pringles, Cheez-It and Pop-Tarts.

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COMPANIES: The Foschini Group, South Africa’s clothing industry success storyThe Foschini Group is on the up - by bringing production back to South Africa from the likes of China, Bangladesh and Myanmar. Great stuff! But it was partly the unions that caused the clothing industry in the Cape’s demise! So watch out for them again!
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