Kellogg's cereal business begins trading as stand-alone company WK Kellogg
Publishing timestamp: 2023-10-02 12:41:32
Summary
Kellogg's cereal business has been spun off and renamed Kellanova, while the remaining company has been renamed WK Kellogg. Kellanova includes snacking brands and the North American frozen food unit. The stock prices for both companies have fallen, and the separation was driven by stagnating cereal sales and the growing popularity of snacking.
Sentiment: MIXED
Keywords: business news, food and drink, retail industry, breaking news: markets, business, wk kellogg co, kellogg co, markets, breaking news: business,
Source: https://www.cnbc.com/2023/10/02/kelloggs-cereal-business-wk-kellogg-begins-trading.html