General Mills third quarter sales rise 8% with strong contributions from Blue Buffalo

USA – The multinational consumer goods company, General Mills has reported 8% increase in net sales to US$4.2 billion in the third quarter, including contributions from Blue Buffalo Pet Products which it acquired in 2018. The period ended February 24, 2019 saw operating profit increase 14% while diluted earnings per share (EPS) of $0.74 declined…

General Mills backs US organic cheese maker Good Culture in US$8m funding

USA – General Mills through its business development and venturing unit, 301 Inc has increased its investment in Good Culture, an American organic cottage cheese maker which has secured US$8 million in a new funding round. The fresh funding led by Cavu Venture Partners, alongside investments from Almanac Insights is the latest by the dairy…

General Mills launches new Fiber One cereal made with real strawberries

USA – General Mills, the American consumer goods company has launched a new range of Fiber One cereal variants made with real strawberries in the United States. Available in retailers nationwide, the Strawberries and Vanilla Clusters are made with steel cut oats, vanilla clusters and delicious, real strawberries, offering consumers a tasty variety which also…

Vegan brand Kite Hill secures US$40m in funding led by General Mills capital arm

USA - US vegan cheese and yogurt brand Kite Hill has secured US$40 million in funding led by 301 Inc, the venture capital arm of General Mills, to enable the brand to increase its capacity, invest in marketing, innovation and people to help fuel growth. Kite Hill – which makes plant-based yogurts, cream cheese-style spreads, soft…

Monsanto glyphosate traces found in children breakfast cereals and snack bars in US

USA - Significant levels of the weedkilling monsanto chemical glyphosate have been found in an array of popular breakfast cereals, oats and snack bars marketed to US children, a new study has found. According to the Guardian, tests have revealed glyphosate, the active ingredient in the popular weedkiller brand Roundup, present in all but two…

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…