Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GENERAL MILLS, INC.

(GIS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

General Mills : 301 INC, General Mills Venture Capital Arm, Leads Multimillion Dollar Investment in London-Based Pots & Co, to Expand Brand's US Presence

04/13/2021 | 08:04am EDT

301 INC, the venture capital arm of General Mills, is leading a multistage investment of up to $20 million in Pots & Co, in partnership with other investors. Pots & Co, the London-based food company best known for its range of hand-crafted potted desserts available in UK supermarkets, will leverage the investment to propel its growth strategy, expanding its product range and distribution in the US.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210413005126/en/

301 INC, General Mills venture capital arm, leads multimillion dollar investment in London-based Pots & Co, to expand brand’s US presence. (Photo: Business Wire)

301 INC, General Mills venture capital arm, leads multimillion dollar investment in London-based Pots & Co, to expand brand’s US presence. (Photo: Business Wire)

The investment into Pots & Co is supported by increased retail distribution in the US focused on the West Coast and Rocky Mountain region. Pots & Co will initially supply both its range of unique potted desserts and has longer-term plans to also offer its new savory, Mezze style dips range.

The expanded retail distribution of select Pots & Co products marks a major expansion effort in the US. All products distributed in the US are currently handmade in Pots & Co’s London-based factory. This investment will also enable the business to explore manufacturing capabilities in the US as well as invest further into marketing and distributing the brand.

Julian Dyer, Founder of Pots & Co, said, “We want to create one of the world’s leading food brands and we are thrilled that General Mills has invested in Pots & Co, enabling us to speed up the growth of our business and creating fabulous products for the American consumer. We continue to focus on exceptional quality and taste, using only the finest natural ingredients to deliver top quality desserts and savory food to supermarket aisles in both the UK and the US.”

John Haugen, Founder and Managing Director of 301 INC, the venture capital arm of General Mills, said, “Our mission is to discover new and emerging food brands with a remarkable offering. Pots & Co fulfils that mission with its focus on natural ingredients to create desserts of restaurant quality. As our first overseas investment and first investment in a UK company, we believe Pots & Co will deliver substantial growth with an increasing range of desserts and with its move into savory products. We’re excited to partner as the brand expands its presence in the US market.”

General Mills is a leading global manufacturer and marketer of branded consumer foods sold through retail stores. Its largest brands include Haagen Dazs, Old El Paso and Nature Valley. Its 301 INC investment arm seeks emerging food brands with compelling products for direct investment, leveraging the skill and capability of General Mills.

Pots & Co has generated rapid growth since it was founded in London in 2012. It produced sales of nearly $2.8 million in 2014 which increased to $19.5 million in 2020, a 700% increase over six years. Pots & Co currently produces 16 million handmade desserts a year and is also famous for its signature ceramic pots spun by a family business in Valencia, Spain.

About Pots & Co

Pots & Co is obsessed with food. Every pot is hand-crafted in small batches with uncompromising care, with only the best ingredients, with absolutely nothing artificial and presented in beautiful reusable ceramic pots. The company, established in 2012, is on a mission to rescue people from bland, uninspiring mass-market foods one product at a time.

The UK-based culinary team is raising the bar in the prepared foods segment by completely reinventing it for discerning foodies who crave more memorable, restaurant-quality food experience in the comfort of their own home.

For more information on 301 INC, visit www.301inc.com.


© Business Wire 2021
All news about GENERAL MILLS, INC.
02:59aGENERAL MILLS  : Costs Associated with Exit or Disposal Activities
PU
05/06GENERAL MILLS INC  : Costs Associated with Exit or Disposal Activities (form 8-K..
AQ
05/06General Mills Says It Approved Restructuring Plan
DJ
05/05GENERAL MILLS  : Cheerios helps family honor a mother's love
PU
05/02Truckers Expect U.S. Transport Capacity Crunch to Persist
DJ
04/28Farmers struggle to break into booming carbon-credit market
RE
04/28GENERAL MILLS  : to Webcast Force for Good Investor Event on May 25, 2021
AQ
04/27PROTEIN SEEKERS REJOICE! WITH 25G OF : ratio PROTEIN Packs the Most Protein in t..
BU
04/26GENERAL MILLS  : to Webcast Force for Good Investor Event on May 25, 2021
BU
04/26GENERAL MILLS  : makes meaningful global responsibility progress to shape the fu..
AQ
More news
Financials (USD)
Sales 2021 17 911 M - -
Net income 2021 2 359 M - -
Net Debt 2021 11 189 M - -
P/E ratio 2021 16,7x
Yield 2021 3,20%
Capitalization 38 819 M 38 819 M -
EV / Sales 2021 2,79x
EV / Sales 2022 2,83x
Nbr of Employees 35 000
Free-Float 80,9%
Chart GENERAL MILLS, INC.
Duration : Period :
General Mills, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GENERAL MILLS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 62,31 $
Last Close Price 63,64 $
Spread / Highest target 11,6%
Spread / Average Target -2,09%
Spread / Lowest Target -21,4%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey L. Harmening Chairman & Chief Executive Officer
Kofi A. Bruce Chief Financial Officer
Jodi J. Benson Chief Innovation, Technology & Quality Officer
Jaime Montemayor Chief Technology & Digital Officer
Stephen A. Odland Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MILLS, INC.5.15%38 819
NESTLÉ S.A.4.28%335 211
MONDELEZ INTERNATIONAL, INC.4.57%85 884
YIHAI KERRY ARAWANA HOLDINGS CO., LTD-27.46%65 811
THE KRAFT HEINZ COMPANY22.53%51 947
DANONE9.73%46 099