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Current Position:Home » News » Processed Foods » Bakery & Cereals » Topic

Ultra-discounting in extended US cereal portfolio unlikely, says General Mills

Zoom in font  Zoom out font Published: 2012-12-24  Authour: Oliver Nieburg+   Views: 20
Core Tip: General Mills plans to introduce a host of new ready-to-eat cereal products to the US in 2013, but seems unlikely to heavily discount its range to line up with competitors.
bakeryThe company announced during its second quarter results conference call that it will launch new varieties for its Cheerios, Cascadian Farm and Fiber One brands in January.

Analyst David Driscoll of Citigroup said during the conference call that General Mills had the highest prices of all major cereal producers and was not really focused on the lower end of the market. He wondered if the company would change its strategy.
 
 
 
 
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