Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple of decades.
And in 2021, the food giant sustained a damaging fire at its Memphis facility, and later that same year 1,400 workers went on strike to demand better pay and enhanced benefits.
In an effort to stimulate growth, on June 21, 2022, the company announced plans to split into three separate companies.
And we see the next step in our potential in unlocking three new companies," said Kellogg CEO Steve Cahillane.
Watch the video to learn more about Kellogg's move to split the company in order to try to kickstart cereal sales and regain some of its bygone glory.