Kellogg to split into three separate companies
Kellogg said its US, Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20 per cent of its net sales in 2021, while the remaining business accounted for about 80 per cent of sales.
- Jun 21, 2022,
- Updated Jun 21, 2022 5:03 PM IST
Kellogg said on Tuesday it was splitting itself into three separate companies, with a focus on snacking, North American cereal and plant-based businesses.
Shares of company jumped 7% in pre-market trading.
Kellogg said its U.S., Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20% of its net sales in 2021, while the remaining business accounted for about 80% of sales.
Kellogg said on Tuesday it was splitting itself into three separate companies, with a focus on snacking, North American cereal and plant-based businesses.
Shares of company jumped 7% in pre-market trading.
Kellogg said its U.S., Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20% of its net sales in 2021, while the remaining business accounted for about 80% of sales.