Kellogg: Kellogg will split its business into three companies, the CEO said this
"All of these businesses have the potential to stand alone, and an increased focus will enable them to better direct their resources toward their specific strategic priorities," the company's CEO Steve Kahillane said in a statement. 

US food giant Kellogg's announced on tuesday that it plans to split into three independent public companies. According to Kellogg's, it is splitting its iconic brands (snack making, cereals, and plants) into separate businesses. The company's shares rose 6.5 percent in premarket trading following the announcement by the company.
"All of these businesses have the potential to stand alone, and an increased focus will enable them to better direct their resources toward their specific strategic priorities," the company's CEO Steve Kahillane said in a statement. The company said it is exploring more strategic options for its plant-based business, including a possible sale."All of these businesses have the potential to stand alone, and an increased focus will enable them to better direct their resources toward their specific strategic priorities," the company's CEO Steve Kahillane said in a statement.


The company said it is exploring more strategic options for its plant-based business, including a possible sale.

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21/06/2022 11:39 PM