Three-Way SplitThe breakup of the Pringles, Cheez-It and Pop-Tarts makers would result in the creation of a global snacking business that would also house its international cereal and noodles brands and its North America frozen breakfast division. Strategic OptionsKellogg expects the spinoffs to be completed by the end of 2023, adding that it was also exploring strategic options for its plant-based business including a possible sale. The snacks business, which will be the biggest post the split, would be helmed by current top boss Cahillane. The company said its North American cereal business and the plant-based focused company will remain headquartered in Battle Creek, Michigan. “(The split) provides a path for struggling US cereal to regain focus.
Source: Nigerian Tribune June 22, 2022 00:19 UTC