General Mills is an international food company. Founded by Cadwallader C. Washburn and James Ford Bell in 1866, General Mills is a public company, listed on the New York Stock Exchange as GIS. The head office for General Mills is located in Minneapolis, Minnesota, USA.
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General Mills this week reported another quarter of falling sales, leading industry watchers to wonder if the US food giant will lessen its focus on its margin target but, more critically, whether the company can revitalise its top line. Hannah Abdulla reports.
General Mills last week lowered its already weak forecast for its annual sales due to lower-tha-expected sales in US yogurt and soup. Unsurprisingly, then, the US food giant's efforts to reinvigorate its top line were the primary focus of its presentation at this week's Consumer Analyst Group of New York investor conference. Here are just-food's key takeaways from the event.
Almost five years after Bright Food snapped up a majority stake in Weetabix, the state-backed Chinese group is said to be looking to offload its shares in the UK-based breakfast cereal business. Speculation started before Christmas and, although Bright Food sought to cool the chatter, the rumours have intensified, with four bidders apparently preparing to table offers. Dean Best surveys the purported runners and riders.
General Mills disappointed the market this week (20 December) when the US group lowered its full-year revenue outlook on the back of a 7.1% drop in sales during its second quarter. The company's aggressive cost-cutting programmes enabled it to maintain its margin guidance but, Katy Askew asks, is the group's weak top line evidence management has cut spending in certain areas too deeply?
US firm Farmhouse Culture produces what – at first glance – might sound like a traditional product: fermented or pickled vegetables. But, in re-imagining the production method, first developed primarily as a preservation technique, Farmhouse Culture – which has recently secured investment from General Mills – has updated the concept in a way that is proving appealing to US consumers. Katy Askew spoke to Farmhouse Culture director of marketing Marc McCullagh to find out more.
John Haugen, vice president and general manager of General Mills' investment arm 301 Inc., speaks to Hannah Abdulla about how backing start-ups helps the US food giant shape its future growth portfolio and why the first two companies it is supporting - Rhythm Superfoods and Good Culture - are deemed the perfect fit.
General Mills has launched its first desserts in France under its Yoplait brand.
General Mills has made its latest investment in an up-and-coming US firm, with the food major, through its VC-style fund 301 Inc, backing cereal maker Purely Elizabeth.
General Mills today (21 March) reported lower sales and earnings for the first nine months of its financial year after seeing its top and bottom lines decline in the third quarter.
Brazil is to become the latest market for Cheerios, the breakfast cereal brand marketed by Cereal Partners Worldwide, the venture between Nestle and General Mills.
US food manufacturer General Mills is leading a US$6.5m investment in California-based emerging probiotics firm Farmhouse Culture.
US food manufacturer General Mills has underlined its commitment to using only cage-free eggs by 2025 will apply to all of its egg purchases worldwide.
General Mills and US investment firm 2x Consumer Products Growth Partners have put a "significant" sum into D's Naturals, the plant-based protein bar maker has revealed.
Warren Buffett has said Kraft Heinz has not prepared "a back-up deal" in the wake of Unilever rejecting the US group's proposed takeover offer.
General Mills has cut its full-year sales and earnings outlook for the 12 months to end-May.
Nestle has expanded the range of Haagen-Dazs ice cream on sale in the US with a new line under the sub-brand Trio.
Weetabix has confirmed that it will push ahead with a GBP30m (US$37.6m) investment to increase production as Nestle, General Mills, Post Holdings, Associated British Foods and Barilla reportedly line up to submit bids for the business.
General Mills has ploughed more money into US kale snacks maker Rhythm Superfoods, a year after first investing in the fledgling business.
US-based food group General Mills has unveiled a swathe of global product launches as it aims to capitalise on what it believes are key snacking trends.
General Mills is launching Yoplait Liberté yogurt pouches in the UK in a bid to appeal to the adult snacking market.
General Mills today (20 December) lowered its forecasts on key sales and operating profit metrics after a second quarter of falling sales across the business and a slump in profits from its international operations.
Between 400 and 600 jobs at General Mills are set to be affected as the US food giant embarks on a revamp of its business to try to "maximise global scale".
US snack food company NightFood is to acquire Suffield Foods and Hook Marketing, which manufacture and distribute Fiber One ice cream under licence from General Mills.
There is "a shocking difference in levels of salt and sugar" in breakfast cereals sold in nearly 30 countries by Kellogg and Cereal Partners Worldwide, a study published today (29 November) has claimed.
General Mills-backed yogurt business Yoplait has made changes to the recipe of its Petits Filous line on sale in the UK.
Fifteen companies have been named as members of the "inaugural class" of US Food Loss and Waste 2030 Champions – a national campaign to recognise US businesses and organisations pledging concrete steps to reduce food loss and waste in their operations by 50% by 2030.
General Mills is targeting health-conscious adults in the UK with the launch under its Yoplait brand of the low-sugar Super Fruitii yogurt line.
Shares in US food majors including Mondelez International and General Mills rose yesterday (8 November) after Brazilian reports suggested investment firm 3G Capital is raising US$8-10bn to fund more acquisitions.
General Mills is reportedly preparing long-time executive Jeff Harmening to succeed Ken Powell as CEO.
US cereal giant Kellogg's revealed plans to open a cafe in New York City, located at a prime location on Broadway.
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