Ferrero, the well-known Italian chocolate company famous for Nutella and Kinder, is set to acquire the American breakfast cereal giant Kellogg for $3. 1 billion. This major deal will give Ferrero control over some of the most iconic cereal brands in the United States, including Corn Flakes, Froot Loops, and Rice Krispies. Ferrero has been expanding its business by buying other food companies, such as Nestle's candy division, and now it is making a big move into the breakfast cereal market. The company plans to invest in Kellogg's brands and help them grow, even though the cereal industry is facing some challenges.
Kellogg has been a household name in America for nearly 120 years. The company was started by Will Keith Kellogg in Michigan, and he is credited with inventing corn flakes. Over the years, Kellogg's cereals have become famous, with mascots like Tony the Tiger from Frosted Flakes becoming cultural icons. However, in recent years, Kellogg has struggled with flat sales and has accumulated more than $500 million in debt. In 2023, the company split from its parent company, which was renamed Kellanova. Many families are now choosing cheaper store brands instead of Kellogg's cereals because of rising living costs. There are also growing concerns about the healthiness of breakfast cereals, especially those with artificial colors. The US government has asked Kellogg to remove artificial colors from cereals served in schools by the 2026-27 school year, but the company has not yet announced when it will remove them from cereals sold in stores.
Ferrero's CEO, Lapo Civiletti, said that the deal will help Ferrero offer more food options and expand its presence in the US market. Kellogg's CEO, Gary Pilnick, believes that Ferrero will provide the company with more resources and a stable environment for its employees. Ferrero is a private, family-owned company, so it does not face the same pressures as public companies. The deal is expected to give Ferrero a strong position in the US breakfast cereal market, where it already has more than 14,000 employees. Ferrero will pay $23 per share for Kellogg, and news of the deal caused Kellogg's stock price to jump by more than 56 percent.
This acquisition is a significant step for Ferrero, which is already one of the world's largest chocolate companies with over 30 brands sold globally. By adding Kellogg's cereals to its portfolio, Ferrero hopes to reach more consumers and make breakfast time more exciting. The company will need to address the challenges facing the cereal industry, such as changing consumer preferences and health concerns, but it is confident that it can help Kellogg's brands grow and succeed in the future.
AI驅動英語學習平台
VocabSphere 是一個創新的英語學習平台,提供針對不同熟練程度量身定制的適應性文章。我們的AI驅動系統通過引人入勝的真實內容,幫助學習者提高詞彙、閱讀理解和語言技能。
通過閱讀像這樣的文章,學習者可以擴展詞彙量,提高閱讀速度,並增強理解複雜英語文本的信心。每篇文章都經過精心策劃和調整,為各個級別的學生提供最佳的學習體驗。
"Ferrero is a family-owned company that has been growing bigger by buying other food companies, like Nestle's candy business."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
"The government has asked Kellogg to remove fake colors from cereals eaten in schools by 2026-27."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
只有 iOS 或 Android 應用程式才能為您提供 VocabSphere 的全面功能,如遺忘曲線詞彙書、練習生成和個人學習進度監控。
立即下載,體驗完整的學習功能!
提升您的英語學習體驗
定制的文章和新聞以匹配學生的英語水平。獲取即時詞語翻譯、同義詞。輕鬆擴充詞彙。
VocabSphere運用遺忘曲線原理,幫助您高效記憶單詞。全面掌握每個詞語。您的個性化詞彙庫,隨時隨地可用。
從您的詞彙庫中創建自定義語法練習。練習不同詞性和句型。教師更可以生成和閱讀理解測驗和練習。