After the plant-based protein market collapses, Kellogg's will no longer divest Morningstar.
Kellogg's will no longer spin-off Morningstar Farms after a competitor lost 90% of its market value.
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The Kellogg Company is a major American processed food manufacturer. Located in Michigan, the company manufacturers and markets a variety of leading brands, including Corn Flakes, Frosted Flakes, Cheez-its and Pringles. In 2022, management announced it was breaking up the company into three independent entities: Cereal, Snacking, and Plant-based protein.2 posts
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