General Mills revamps business after challenging year

General Mills revamps business after challenging year

The US food giant is to restructure its organisation after 12 months in which profits fell. What lies ahead for the Yoplait manufacturer?

The verdict from Wall Street: Analysts react to General Mills FY results

28 June 2012

General Mills yesterday reported a 12.8% drop in full-year profits as the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings.

On the money: General Mills reveals detail on revamp

27 June 2012

General Mills revealed today (27 June) it will split its US retail business into three divisions and create a regional structure for its international operations as part of plans to cut costs and improve efficiency.

US: Input costs hit General Mills FY profits

27 June 2012

US food giant General Mills said today (27 June) the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings.

In the spotlight - General Mills' two-pronged approach to austerity

25 May 2012

US food giant General Mills, which has suffered amid increasing input costs and a stagnant domestic market, this week announced it was cutting 850 jobs to improve efficiency and allow it to re-invest in other parts of its business. Just two days later, it announced a deal to buy Brazilian food manufacturer Yoki. Michelle Russell reports.

US: General Mills to cut 850 jobs worldwide

22 May 2012

US food manufacturer General Mills has said it will cut around 850 jobs globally as part of a productivity and cost savings plan announced today (22 May).

Browse more hot issues

Currently reading -

General Mills revamps business after challenging year

Welcome to the home of food information, insight & intelligence

Not a member? Join here