The first company will include Kellogg's North America cereal unit, which includes Raisin Bran and Rice Krispies, its snacking unit will become a second company, including Cheez-Its and Pringles. And, lastly, a new"pure-play plant-based foods company" will be anchored by its MorningStar Farms brand. New names for the spin-offs will be announced later, and the spinoffs are expected to be completed by the end of 2023.
Further focusing the new companies will help grow them with"financial targets that best fit their own markets and opportunities."By far, the snacking business will be the largest new company. Kellogg said it raked in more than $11 billion in sales last year, and it's a"higher-growth company than today's Kellogg Company." About 60% of its sales come from Pop-Tarts, Nutri-Grain, Pringles and Cheez-It.
Time they took the cartoons off the boxes .
3 CEOs are better than one
Same masters stand in the shadows🤡
Good riddance to bad rubbish
The trash food cartel.
At some point of time I had 42 big boxes of Kellogg's in my room (biggest size)
My house is 113 years old..... Built 1909...still original. Well done Kelloggs... Best cereal
Snap, Crackle and Pop
No doubt not to help their workers or consumers.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBSNews - 🏆 87. / 68 Read more »