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General Mills (NYSE: GIS (http://www.nyse.com/about/listed/lcddata.html?ticker=GIS)) is a corporation, mainly concerned with food products, that is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. The company markets such brands as Betty Crocker, Nestlé, Yoplait, and Pillsbury. The company also manufactures breakfast cereals, including Cheerios, Trix, Lucky Charms, and Cocoa Puffs. Its common stock is traded on the New York Stock Exchange using the ticker symbol GIS. General Mills's original name was the Washburn Crosby Company, which created legendary Twin Cities broadcaster WCCO. The founders of the Washburn Crosby Company included Congressman Cadwallader Colden Washburn.
In 1990, General Mills and Nestlé started a 50/50 joint venture called Cereal Partners Worldwide to market breakfast cereals for both the United States and Europe. CPW distributes cereals manufactured by both companies under the Nestlé brand name.
Just prior to that, in 1988, General Mills sold General Mills Specialty Retail Group, which was the parent company of both Eddie Bauer and Talbots. Eddie Bauer is now defunct.
The company merged with Pillsbury in 2001. While many of the Pillsbury-branded products are still manufactured by General Mills, some products had to be sold off to allow the merger since the new company would have held a very strong monopoly position. Some products carrying the Pillsbury name, such as cake mixes, are now sold by International Multifoods Corporation.
In late 2004, the company transitioned its entire breakfast cereal line to whole grain. This was partially due to the low-carbohydrate diet craze that had been sweeping the United States in the early 2000s decade, but was also influenced by research indicating that highly-refined grains can have detrimental health effects.
Brands
Cereal
General Mills cereal ([1] (http://www.generalmills.com/corporate/brands/view_all_brands.aspx))
- Cheerios
- Cinnamon Grahams
- Chex
- Cocoa Puffs
- Cookie Crisp
- Golden Grahams
- Nesquik (with Nestle)
- Total
- Wheaties
Diversity
General Mills was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.
See also
Companies
External links
Data
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