Kellogg Breakup Puts Focus on Packaged-Food Conglomerates
Kellogg Co.
K 2.06%
’s plan to spin off its cereal and plant-based foods businesses is renewing focus on corporate breakups in the U.S. food industry.
Campbell Soup Co.
CPB 0.92%
,
General Mills Inc.
GIS 1.59%
and other food makers for years have built out their baskets of brands, acquiring newer, trend-aligned products and pushing into other supermarket segments,…