Reported 27 days ago
General Mills Inc. has decided to sell its North American yogurt business, including the well-known Yoplait brand, for $2.1 billion in cash to French dairy companies Groupe Lactalis and Sodiaal. The transaction results from increasing competition in the US yogurt market and aims to allow General Mills to focus on more profitable segments such as premium pet food and organic snacks. The deal is expected to close in 2025.
Source: YAHOO