Kellogg's: Difference between revisions

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Entity name per MI site (also checked DE site but can't link directly): https://cofs.lara.state.mi.us/CorpWeb/CorpSearch/CorpSummary.aspx?token=nBxILn58HwVtv4JMRDwTm1cWblopjmzIgq3FCQzRMH7Z0mRAdeXC1HT5AZ+oEYvW1gEE4aJwfCTu1WbuFI6pdZT3r17+x1UzBdgsLdaAhvByVyVI0Knj4JFtT71zmS24qUkXvko4xZ6A/fcZYz9lL+du6V03uiV2uV+THbwpqjnYNCa/iWnBPBhVItkMEEKZhu7jbD4wiyO53iHIkECkwQtMiZbp6EFW1S4YU7gr5OWcfBKtuWevsfVf5jAEVzYwik2NkVc29CqAbWzXAXF7egbCzKpAdJVDjYKEVKfGUIg4dC92PbKVSFylZhSBIYzbt/g23JJIxiKUtXZl5mo7FqBgCaMOo7SJ
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{{Use American English|date=June 2018}}
{{Infobox company
| name = Kellanova Company
| logo = Kellanova logo.svg
| image =
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[[File:Kellogg's Cafe 17th St jeh.jpg|thumb|Former Kellogg's Café, [[Union Square (Manhattan)]]]]
 
'''Kellanova Company''', formerly known as the '''Kellogg Company''' and commonly known as '''Kellogg's''', is an American [[Multinational corporation|multinational]] food manufacturing company headquartered in [[Chicago]], [[Illinois]], US. Kellanova produces and markets convenience foods and snack foods, including [[cracker (food)|crackers]] and [[toaster pastry|toaster pastries]], [[breakfast cereal|cereal]], and markets their products by several well-known brands including the Kellogg's brand itself, [[Rice Krispies Treats]], [[Pringles]], [[Eggo]], and [[Cheez-It]], along with cereal internationally such as [[Corn flakes|Corn Flakes]], [[Rice Krispies]], [[Frosted Flakes|Frosties]] and [[Coco Pops]].
 
Kellogg's products are manufactured and marketed in over 180 countries.<ref>{{cite web |last=<!--no author attribution--> |date=<!--not specified--> |title=Kellogg Company Fact Sheet (PDF) |url=http://newsroom.kelloggcompany.com/download/K+fact+sheet_FINAL+2+11+14+%282%29.pdf |url-status=dead |archive-url=https://web.archive.org/web/20140425090324/http://filecache.drivetheweb.com/mr5mr_kelloggs/194590/download/K+fact+sheet_FINAL+2+11+14+%282%29.pdf |archive-date=April 25, 2014 |access-date=April 24, 2014 |website=filecache.drivetheweb.com |publisher=KelloggCompany}}</ref> Kellanova's largest factory is at [[Trafford Park]] in [[Greater Manchester|Trafford]], [[Greater Manchester]], United Kingdom, which is also the location of its UK headquarters.<ref name="trafford">{{Cite news |title = Global brand, local values |url = http://menmedia.co.uk/manchestereveningnews/news/business/s/1051202_global_brand_local_values |newspaper = [[Manchester Evening News]] |date = May 27, 2008 |access-date = August 3, 2011 |archive-date = July 19, 2012 |archive-url = https://web.archive.org/web/20120719122135/http://menmedia.co.uk/manchestereveningnews/news/business/s/1051202_global_brand_local_values |url-status = dead }}</ref> Other corporate office locations outside of [[Chicago]] include Battle Creek, [[Dublin]] (European Headquarters), [[Shanghai]], and [[Querétaro City]], [[Mexico]].<ref>{{cite web |title = Our Locations |url = http://www.kelloggcareers.com/global/locations.html |website = kelloggcareers.com |access-date = May 27, 2018 |archive-date = May 28, 2018 |archive-url = https://web.archive.org/web/20180528133615/http://www.kelloggcareers.com/global/locations.html |url-status = live }}</ref> Kellogg's held a [[Royal warrant of appointment (United Kingdom)|Royal Warrant]] from [[Elizabeth II|Queen Elizabeth II]] until her death in 2022.<ref>{{Cite web|url=https://www.royalwarrant.org/company/kellogg-marketing-sales-co-uk-ltd|title=Kellogg Marketing & Sales Co (UK) Ltd|publisher=Royal Warrant Holders Association|website=royalwarrant.org|language=en|access-date=January 28, 2018|archive-date=January 28, 2018|archive-url=https://web.archive.org/web/20180128132844/https://www.royalwarrant.org/company/kellogg-marketing-sales-co-uk-ltd|url-status=live}}</ref>
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On June 21, 2022, Kellogg's announced that the company would spin off three cereal, snacks, and plant-based food divisions.<ref>{{cite news|last=Ott|first=Matt|title=Kellogg to split into 3; snacks, cereals, plant-based food|url=https://apnews.com/article/chicago-michigan-battle-creek-kellogg-co-cc6e8bb271de40337a0b8fec4a0aa011|work=Associated Press|date=June 21, 2022|access-date=June 21, 2022|archive-date=June 21, 2022|archive-url=https://web.archive.org/web/20220621114614/https://apnews.com/article/chicago-michigan-battle-creek-kellogg-co-cc6e8bb271de40337a0b8fec4a0aa011|url-status=live}}</ref><ref>{{cite press release| title= Kellogg Company Announces Separation of Two Businesses as Bold Next Steps in Portfolio Transformation |url=https://www.prnewswire.com/news-releases/kellogg-company-announces-separation-of-two-businesses-as-bold-next-steps-in-portfolio-transformation-301571883.html|publisher=Kellogg Company|date=June 21, 2022|via=PR Newswire|access-date=March 27, 2023|archive-date=July 12, 2022|archive-url= https://web.archive.org/web/20220712053524/https://www.prnewswire.com/news-releases/kellogg-company-announces-separation-of-two-businesses-as-bold-next-steps-in-portfolio-transformation-301571883.html|url-status=live}}</ref> The North American cereal and plant-based food spin-off companies will keep Battle Creek as their headquarters and the new snack and international cereal company will be based in Chicago.<ref>{{cite news |last1=Miller |first1=Kevin |title= Kellogg Will Split Into Three Companies to Promote Growth |url=https://www.bloomberg.com/?sref=CIpmV6x8 |access-date=June 21, 2022 |work= Bloomberg.com |date=June 21, 2022 |language=en |archive-date=March 12, 2023 |archive-url= https://web.archive.org/web/20230312211557/https://www.bloomberg.com/?sref=CIpmV6x8 |url-status=live }}</ref> The successor company, known as Global Snacking Co. temporarily, represents 80 percent or $11.4 billion of Kellogg's sales. 60 percent of Global Snacking's business was snacks, and nearly half of the company's business was in the United States. The cereal business, temporarily called North America Cereal Co., would be the second-largest American cereal company and the largest in Canada and the Caribbean, with 5 of the top 11 brands and $2.4 billion in annual sales. Plant-based foods, representing $340 million in annual sales, would be called "Plant Co." and could even be sold.<ref>{{cite news |last1=Springer |first1=Jon |title=Kellogg bets on snacking—what the breakup means for brands: The food giant will spin off breakfast cereal and plant-based units |work =[[Ad Age]] |date=June 27, 2022 |volume=93 |issue=10 |page=1 }}</ref>
 
In January 2023, Kellogg's shelved its plans to spin off its plant food business and would retain it as part of Global Snacking Co.<ref>{{cite web|url=https://www.reuters.com/business/retail-consumer/kellogg-beats-quarterly-sales-estimates-2023-02-09/|first=Mehr|last=Bedi|title=Kellogg's sales and profit beat estimates, to retain plant-based meat business|work=Reuters|date=February 9, 2023|access-date=February 18, 2023|archive-date=February 18, 2023|archive-url=https://web.archive.org/web/20230218225401/https://www.reuters.com/business/retail-consumer/kellogg-beats-quarterly-sales-estimates-2023-02-09/|url-status=live}}</ref> On March 15, 2023, Kellogg's announced that North America Cereal Co. branch will be named [[WK Kellogg Co]] and Global Snacking Co. branch will be called Kellanova Company. The [[ticker symbol]] "K" will be used by Kellanova on the NYSE.<ref>{{cite web|url=https://www.cnn.com/2023/03/15/business/kellogg-kellanova-spin-off-brands|first=Jordan|last=Valinsky|title=Cheez-It and Pringles company gets a new name| work= CNN.com |date=March 15, 2023|access-date=March 15, 2023|archive-date=March 15, 2023|archive-url= https://web.archive.org/web/20230315171410/https://www.cnn.com/2023/03/15/business/kellogg-kellanova-spin-off-brands/|url-status=live}}</ref> The split was completed on October 2, 2023.<ref>{{Cite news |last1=Oguh |first1=Chibuike |last2=Vanaik |first2=Granth |date=October 2, 2023 |title=Kellanova, WK Kellogg shares slump on first day after spinoff |url=https://www.reuters.com/business/retail-consumer/kellanova-wk-kellogg-shares-slump-first-day-after-spinoff-2023-10-02/ |work=Reuters}}</ref><ref>{{Cite press release |publisher= Kellogg Company |title= Kellogg Company Board of Directors Approves Separtion into Two Companies, Kellanova and WK Kellogg Co |url=https://www.prnewswire.com/news-releases/kellogg-company-board-of-directors-approves-separation-into-two-companies-kellanova-and-wk-kellogg-co-301922760.html |access-date=September 19, 2023 |website=prnewswire.com |language=en}}</ref> The WK Kellogg Co has the NYSE stock symbol "KLG".<ref>{{Cite web |last=Lucas |first=Amelia |date=October 2, 2023 |title=Kellogg's cereal business begins trading as stand-alone company WK Kellogg |url=https://www.cnbc.com/2023/10/02/kelloggs-cereal-business-wk-kellogg-begins-trading.html |access-date=November 24, 2023 |website=CNBC |language=en}}</ref>
 
On August 14, 2024, it was announced that [[Mars Inc.]], the owner of [[M&M's]] and [[Snickers]], agreed to purchase Kellanova for nearly $30 billion. The deal is expected to close in the first half of next year.<ref>{{Cite web|url= https://apnews.com/article/b47c6906bea9c285c2a94711a543f6c7|last1=Durbin |first1=Dee-Ann |last2=Chapman |first2=Michelle |date=August 14, 2024 |title=Sweet and salty deal worth $30 billion would put M&M's and Snickers alongside Cheez-Its and Pringles |access-date=August 14, 2024 |website=Associated Press |language=en}}</ref>