Kellogg

President Donald Trump's special envoy to Ukraine, Keith Kellogg, has informed the White House he'll leave his post in January, according to two senior administration officials. The move comes as the White House is working on a new peace plan aimed at bringing an end to Russia's war in Ukraine that is being largely coordinated by Trump envoy Steve Witkoff and Kirill Dmitriev, an adviser to Russian President Vladimir Putin. That plan calls for major concessions by Kyiv, including ceding territory to Russia and abandoning certain weaponry. The officials were not authorised to comment publicly and spoke on the condition of anonymity about Kellogg's expected departure from the administration. They declined to comment on why Kellogg was departing. News of Kellogg's expected exit was first reported by Reuters. Kellogg was initially named special envoy for Ukraine and Russia during Trump's presidential transition. But his role shrunk as Witkoff, a real estate developer turned diplomat, ..

Ferrero, known for brands like Nutella and Butterfinger, is taking cereal company WK Kellogg private in a deal valued at approximately USD 3.1 billion. The Ferrero Group will pay USD 23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co's portfolio of breakfast cereals across the United States, Canada and the Caribbean. Kellogg's brands include Fruit Loops, Special K, Frosted Flakes and Rice Krispies. The deal, which still needs approval from Kellogg shareholders, is expected to close in the second half of the year. Once the transaction is complete, Kellogg's stock will no longer trade on the New York Stock Exchange and the company will become a Ferrero subsidiary.

Kellogg, owner of cereal brands Froot Loops and Frosted Flakes, has been struggling to revive growth as consumers move away from sugary foods

Experts say Mars stands to gain with Kellogg's rural reach and also have a larger portfolio to offer in modern trade, e-commerce

Global and domestic investors have committed an investment of Rs 33,129 crore in India's sunrise food processing sector during the second edition of World Food India, the government said on Monday. The Union Food Processing Industries Ministry has signed Memoranda of Understanding (MoUs) with various companies in this regard during the three-day World Food India that concluded on November 5. "The event concluded with a substantial surge of investment interest, resulting in the signing of MoUs worth Rs 33,129 crore underscoring the event's significant impact on propelling India's food processing sector," an official statement said. Companies such as Amul, ITC, Mondelez, Kellogg's, AB InBev, IB Group, Balaji Wafers, Ananda Dairy, Fertis, and Bikanerwala were among the signatories, it said. Addressing a valedictory session of the event, President Droupadi Murmu had highlighted that the first edition had attracted a large number of investment commitments and "Rs 22,711 crore of investm

Breakfast cereal producer Kellogg India's revenue from operation was up 14.12 per cent in 2021-22 to Rs 1,332 crore as compared to the previous year. Its profit after tax in FY22 jumped 42.94 per cent to Rs 102.51 crore as against Rs 71.71 crore a year ago, as per the data provided by business intelligence platform Tofler. Other income was at Rs 20.24 crore in last fiscal year. Total revenue was at Rs 1,352.24 crore, up 14.15 per cent as compared to Rs 1,184.54 crore a year ago. Total expenses of Kellogg India, a subsidiary of Kellogg's Company, USA, were also up 13.18 per cent to Rs 1,217.18 crore. The company sells products such as cornflakes, Chocos, energy bars muesli, oats, granola, Froot Loops and upma in the Indian markets. It received 79.13 per cent of turnover in FY22 from the manufacturing of processed foods and 16.11 per cent from the trading of goods. In FY22, FMCG companies witnessed a surge in demand for packaged food products due to hygiene and safety issues afte

The economic concept, which describes consumers' sensitivity to prices, is a hot topic as inflation soars and executives fret about profits

Breakfast food giant Kellogg Co. lost a legal bid on Monday to block new anti-obesity measures in England banning the promotion of sugary cereals. The US company that makes Coco Pops, Frosted Flakes, Frosties and Rice Krispies had challenged the UK government over regulations taking effect in October restricting the promotion of foods high in fat, sugar or salt. A High Court judge rejected the company's argument that the regulations don't take into account the nutritional value of milk added to cereal. Judge Thomas Linden said that mixing a breakfast cereal that's high in sugar with milk does not change the fact that it's high in sugar. Kellogg's argument that its cereals like Crunchy Nut Clusters and Milk Chocolate Curls somehow become healthy products if they are consumed with milk is wholly unconvincing, as the addition of milk does not alter the nutritional profile of the products themselves," the judge wrote. Under the regulations, unhealthy foods will be banned from high-pro

Kellogg will focus on its other verticals on priority after the split is officiated. The name of the independent verticals have not been decided yet

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The company will also be focussing on customising its products according to Indian taste and preferences to push sales

At Rs 1000 crore in turnover, Kellogg is among the smaller MNC food companies in India