BREAKING: Kellogg to split into 3 companies.
- Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three three companies focused on cereals, snacks and plant-based foods.
Kellogg’s which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year. The company’s corporate headquarters will move from Battle Creek, Michigan, to Chicago, but it will maintain dual headquarters in both cities for its snack company, which makes up about 80% of current sales. Kellogg’s three international headquarters in Europe, Latin America, and AMEA will remain in their current locations.
Companies have begun to split up at an accelerated pace, including General Electric, IBM and Johnson & Johnson, but such splits are more rare for food producers. The last major split in the sector was in in 2012, when Kraft split to create Mondelez.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EY’s Breakup Plan Means Windfalls for PartnersErnst & Young's plan to split its audit and consulting businesses would give thousands of its partners multimillion-dollar payouts and relies on optimistic growth assumptions to justify the deal, according to company documents and people familiar
Weiterlesen »
Minka Kelly attends F1 Canada race for first outing since Trevor Noah splitThe actress was seen posing inside Williams driver Alex Albon’s car before being treated to a three-course lunch by Michelin star chef, Niall Keating.
Weiterlesen »
Texas Rangers Fall to Detroit Lions in 7-3 Loss, Series SplitRobbie Grossman homered and drove in four runs as the Detroit Tigers beat the Texas Rangers 7-3 Sunday to split the four-game series. The Tigers and their league-worst offense scored five or more runs in consecutive games for the first time this season. Detroit had lost six straight before winning 14-7 Saturday. “Any time you hit, it brings a lot…
Weiterlesen »
Starbucks head of North America business leaving companyRossann Williams, Starbucks’ North America president who’s been a prominent figure in the company’s push against worker unionization, is leaving the company after 17 years.
Weiterlesen »
Starbucks head of North America business leaving companyRossann Williams, Starbucks’ North America president who's been a prominent figure in the company's push against worker unionization, is leaving the company after 17 years.
Weiterlesen »
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors – Bitcoin NewsA lawsuit has been filed against the company TerraformLabs and a number of other crypto companies over the collapse of terrausd (UST).
Weiterlesen »