Kellogg’s emblem cereal
Justin Sullivan | Getty Pictures
Kellogg introduced Tuesday that it plans to split into 3 unbiased corporations.
The corporate will spin off its North American cereal industry and plant-based department, which accounted for roughly 20% of its income final yr. The rest industry contains its snacks, noodles, global cereal and North American frozen breakfast manufacturers, which altogether represented about 80% of its 2021 gross sales.
“Those companies all have important standalone possible, and an enhanced focal point will allow them to higher direct their sources towards their distinct strategic priorities,” CEO Steve Cahillane mentioned in a observation.
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