Kellogg to split into three companies in major restructuring plan
US food giant Kellogg has announced radical transformation plans that will see it split into three independent companies.
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US food giant Kellogg has announced radical transformation plans that will see it split into three independent companies.
American cereal giant Kellogg announced Tuesday it is splitting into three independent companies, sending the groups shares up by eight percent in pre-market trading. One of the new firms will be focused on global snacks and North American frozen breakfasts, a second on cereal sales in North Americ ..
The three companies, for now, will be known as Global Snacking Co., North America Cereal Co., and Plant Co., but a new corporate name will be selected in the coming months.
Kellogg Company is splitting its business into three parts—plant-based, cereal, and snacks—to focus on growth in each category.
Kellogg Company announced on June 21 that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses into three spin-offs, to be "better...