Key Takeaways GIS to sell Brazil unit to 3coracoes, including Yoki and Kitano, with deal set to close by end-2026.GIS says move supports margin expansion and improves efficiency of its International segment.General Mills has reshaped nearly one-third of its portfolio since fiscal 2018 under the Accelerate strategy.General Mills, Inc. (GIS) continues to actively reshape the business portfolio as part of its long-term growth strategy. In line with this effort, the company recently announced a move to streamli ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: General Mills plans to sell its business in Brazil to food and beverage owner 3corações for roughly $153 million ($800 million Brazilian Real) as the snack and cereal maker aims to boost its margins and sharpen its international focus. The Brazil business contributed approximately $350 million to General Mills’ fiscal 2025 net sales, which totaled $19.5 billi ...

Group 1 - General Mills has sold its Brazilian business to Grupo 3corações, including two production facilities and brands like Yoki and Kitano [1][2] - The deal is valued at R800 million ($48 million) and is expected to close by the end of the 2026 calendar year, pending regulatory approval [2] - The assets generated approximately $350 million in revenue for General Mills in the last year, contributing to the company's total revenue of $19.49 billion [2] Group 2 - Grupo 3corações aims to expand its food offerings with the acquisition of Yoki and Kitano, enhancing its presence in the Brazilian market [4] - General Mills is reshaping its portfolio to focus on long-term profitable growth as part of its Accelerate strategy launched in 2021 [4][5] - The transaction is expected to improve General Mills' operating profit margin and align its international segment with priority global platforms [5] Group 3 - General Mills has recently adjusted its outlook for organic sales growth, forecasting a decline of 1.5% to 2% for the year [6] - The company previously estimated organic sales could range from a decline of 1% to an increase of 1% [6]