General Mills considers $3 billion sale of Progresso, Helper brands – Bloomberg

(Reuters) – General Mills Inc is considering the sale of its soup brand Progresso and ready-to-eat meals label Helper for $3 billion, Bloomberg reported on Thursday, citing people with knowledge of the matter.

The Cheerios cereal maker is working with Goldman Sachs Group Inc for the potential sale, which also includes some of its smaller brands, the report said https://www.bloomberg.com/news/articles/2021-11-11/general-mills-is-said-to-weigh-sale-of-progresso-helper-brands?sref=SCAzRb9t.

General Mills declined to comment on the matter.

(Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi)

The post General Mills considers $3 billion sale of Progresso, Helper brands – Bloomberg appeared first on Shore News Network.