What the Ferrero and Kellogg's Deal Tells Us About Ongoing M&A Cycles in the Food Industry

ABOUT THE EPISODE Emilie Feldman analyzes Ferrero’s acquisition of WK Kellogg (Kellogg's) and its parallels to Kraft’s split with Mondelez. She discusses a recurring M&A trend in the food industry: companies separating slow- and fast-growth businesses, followed by acquisitions. The episode covers Kraft Heinz’s restructuring, shifts in consumer tastes, GLP-1 drugs, and why similar cycles play out in sectors like pharma and CPG.

ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.

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