Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio, which includes brands like Pop-Tarts, Rice Krispies Treats, and Eggo waffles, will comprise the main business, while the North America cereal unit (Frosted Flakes, Froot Loops, etc.) and the plant-based business (MorningStar Farms) will be spun off. The company is also considering a sale of the plant-based business.
By Krista Garver
The global snacking, international cereal and noodles, plant-based foods and North American frozen breakfast business will be known as Kellanova – home to brands such as Pringles, MorningStar Farms and Nutri-Grain. Kellanova’s portfolio will also encompass cereal brands, including Frosties, Special K, Krave and Coco Pops.
Nestlé is piloting refillable vending machines for its Milo and Koko Krunch brands as part of its effort to explore solutions that help to reduce the need for disposable packaging. In collaboration with digital start-up Qyos by Algramo, the machines will be available at two retailers in Indonesia during a 4-6 month trial period.
Carlsberg has announced that Jacob Aarup-Andersen will join the company as chief executive officer, replacing Cees ’t Hart, who will retire by the end of Q3 2023. Since 2020, Aarup-Andersen has served as CEO of ISS, a global facility services company that operates in 60 countries.