The Clap
Kellogg’s (NYSE:K) is set to split into three separate companies in an effort to stimulate company growth.
What
Declining cereal sales pushed the company to expand into several food segments, becoming one of the largest food companies in the world.
The company faces several challenges, with lawsuits over its products’ nutritional value, a fire at one of its facilities, and strikes from workers over pay and benefits.
So What
The company has been recovering from these setbacks, with workers ending the strike last December after agreeing to new contracts.
Now What
Kellogg’s CEO believes that now is the time to split into three companies, following the company’s momentum.
