General Mills announces Q4 and full-year results with net sales increase to US$15.7b

USA – General Mills, an American multinational manufacturer and marketer, has announced fourth quarter and full-year results with increase in net sales to US$15.7 billion in the full year. According to the company, the annual net sales increased 1 percent to US$15.7 billion; organic net sales were flat to last year The operating profit decreased…

General Mills’ venture arm invests in GoodBelly Probiotics in a US$12m funding

USA - General Mills' venture arm, 301 Inc. has invested in NextFoods, the parent company of US probiotics firm GoodBelly in a US$12 million funding. NextFoods is raising the funding led by 301 Inc., with additional capital coming from existing investors, including Emil Capital Partners. The deal is significant for General Mills and its venture…

General Mills acquires Blue Buffalo for US$8b, enters pet food industry

USA - General Mills Inc. has entered into the pet food industry by acquiring Blue Buffalo Pet Products, a brand which makes natural food for dogs and cats in a US$8 billion deal. Blue Buffalo will operate as a separate unit within General Mills and its CEO Billy Bishop will continue to lead the business.…

General Mills launches Feeding Better Futures Scholars Program

USA - General Mills has launched the General Mills Feeding Better Futures Scholars Program targeting the youths in a way to address problems and issues related to hunger relief and sustainable agriculture. The program seeks to solve the challenge of feeding a growing world population by engaging young innovators to offer solutions to address hunger…

General Mills reports a 4% decline in first-quarter results

USA – General Mills has reported a 4% decline in its net sales- down to US$3.77 billion in its fiscal Q1 with 3% operating profit decline, which was 16% down in constant currency terms. The company however has reaffirmed its fiscal 2018 full-year outlook including organic net sales down to 1 or 2%, constant-currency total…