Kellogg is an international food company. Founded by Will Keith Kellogg in 1906, Kellogg is a public company, listed on the New York Stock Exchange as K. The head office for Kellogg is located in Battle Creek, Michigan, USA.
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Kellogg last week announced mixed second-quarter results, with growth in underlying operating profit above analyst expectations but reported revenue missing forecasts on Wall Street and underlying sales declining. However, the Special K and Pringles maker lifted its forecast for underlying earnings per share for 2016 - and raised its target for underlying operating margin for 2017/18. Its shares closed up on the day. just-food provides the most important talking points from what was a detailed announcement.
Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal.
Australia has been one of the countries at the forefront of the rise of the gluten-free sector and, as the market has expanded, so more companies have entered the category. However, as the market has developed, so its rate of growth has started to slow. just-food looks at Australia's gluten-free breakfast cereal category and analyses the prospects of a still-growing but more mature segment.
Kellogg has this week made its first acquisition in the US for over four years, snapping up fledgling snack bar maker Pure Organic. The deal is similar to those made by a number of Kellogg's US packaged food peers in recent months as some of the big names in the industry try to adapt to changing consumer trends in the country. Dean Best reflects on the move.
There is speculation over the future ownership of UK-based meat-free business Quorn Foods. It is hardly surprising. Quorn has been owned by a private-equity firm since 2010 and is a business enjoying continued solid growth in a challenging industry. Dean Best spoke to Quorn CEO Kevin Brennan about the sale rumours and his plans for the business this year.
While speculation over the future ownership of United Biscuits intensifies, the UK snack maker is making strides beyond its domestic market, with a significant proportion of its growth coming from developing economies – Africa, the Middle East, India and China in particular. Jeff van der Eems, chief executive of UB's international business, speaks to Andrew Don about the company's international ambitions.
Kellogg said today (15 August) it is going "back to basics" with the launch of a range of granola and muesli products in the UK that "boasts a delicious blend of classic, well-known ingredients".
Kellogg has lifted its forecast for underlying earnings per share for 2016 - and raised its target for underlying operating margin for 2017/18.
Kellogg is to start a "phased" closure of its snacks plant in Seelyville, Indiana, early next year, the company told just-food today (3 August).
Advertising regulators in the UK have upheld complaints about two advertisements by Kellogg relating to the cereal maker's Special K products and have ruled that the ads breached codes of conduct.
Snack bars on sale in Australia are guilty of misleading shoppers over the level or quality of fruit that manufacturers claim are in their brands, according to the latest hard hitting report from Choice, the country’s independent product review and testing organisation.
Danone's takeover offer for WhiteWave Foods – which received the unanimous backing of the WhiteWave board – is to be probed by lawyers representing WhiteWave investors.
Cereal giant Kellog’s is updating its Raisin Bran range with the introduction of a granola variety.
Kellogg has launched a line of kids breakfast cereals in India, Kellogg's Ragi Chocos.
Kellogg is establishing an investment vehicle, Eighteen94 Capital, that will make "minority investments" in companies pioneering "next-generation innovation" in the food sector.
Kellogg's US natural foods business, Kashi Company, has acquired snack bar maker Pure Organic.
Kellogg has launched a Coco Pops-branded "brownie-style bake" in the UK to target children looking for snacks after school.
Kellogg is to put "health star" nutrition labels on its snacks in Australia, broadening the number of its products under the scheme, which was jointly developed by the country's government and industry officials.
Global food firms including Mondelez International, PepsiCo, Nestle, Kellogg and Mars Inc. have announced a new pledge to phase out industrially produced trans-fats from their foods by 2018.
Kellogg has announced the departure of its chief finance officer, Ron Dissinger.
Kellogg CEO John Bryant said today (5 May) said the US cereal and snacks group had made "good progress on our priorities" in the first quarter, a period when underlying net sales and profits rose.
Kellogg is foraying into new spaces with the launch of a quiche range under its Special K brand in the US.
Kellogg will start labelling products on sale in the US that contain genetically modified ingredients as of next month.
Kellogg has announced the launch of gluten-free versions of its Corn Flakes and Special K cereals in Australia.
Kellogg's full-year sales and profits have again been hit by weakness in its domestic arm.
Kellogg is assessing whether to make more cuts to the amount of sugar in its breakfast cereals on sale in the UK.
Philippines-based food group Monde Nissin is to distribute Kellogg's products across the country.
This week, Kellogg pledged to cut greenhouse gas emissions by 65% by 2020. Elsewhere, German dairy Muller announced it was exiting its US yoghurt joint venture with PepsiCo, Muller Quaker Dairy. Canada announced it is working on duties on a range of imported US-made food products after the WTO ruled it could claim compensation for illegal US country-of-origin labels and Coca-Cola revealed plans to enter Brazil's dairy sector. Here is the week in quotes.
Market speculation over a possible takeover of Kellogg surfaced this week, with the snacks-to-cereal maker linked to both Kraft Heinz and Coca Cola Co.
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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