WS Investor
17 Mar 2026, 20:13
General Mills Inc. to Sell Brazil Business to 3corações
General Mills Inc. announced it has agreed to sell its Brazil operations to 3corações, including local brands such as Yoki and Kitano, with the transaction expected to close by the end of 2026 pending regulatory approvals.
The divestiture is part of General Mills’ portfolio optimization strategy under its “Accelerate” plan, aiming to improve operating margins and focus on higher-growth global categories such as premium ice cream, snacks, and pet food. The Brazil business generated approximately $350 million in net sales in fiscal 2025.
The move continues General Mills’ broader reshaping efforts, with nearly one-third of its portfolio having been restructured through acquisitions and divestitures since 2018.
Business Wire
General Mills Inc. announced it has agreed to sell its Brazil operations to 3corações, including local brands such as Yoki and Kitano, with the transaction expected to close by the end of 2026 pending regulatory approvals.
The divestiture is part of General Mills’ portfolio optimization strategy under its “Accelerate” plan, aiming to improve operating margins and focus on higher-growth global categories such as premium ice cream, snacks, and pet food. The Brazil business generated approximately $350 million in net sales in fiscal 2025.
The move continues General Mills’ broader reshaping efforts, with nearly one-third of its portfolio having been restructured through acquisitions and divestitures since 2018.
Business Wire
