Kellogg’s Split into Spinoff Companies: Meet Kellanova and WK Kellogg Co.
American multinational food company Kellogg’s has finally announced a new name for its upcoming spin-off company.The name sounds familiar, but with a fresh twist that reflects the company’s new strategy.
Kellanova and WK Kellogg Company will be the new spinoff businesses. Kellogg’s foreign cereal brands, plant-based goods, and snacks like Cheez-It and Pringles will all be kept in Kellanova. The company’s emphasis on innovation and evolution, while simultaneously paying homage to its history, is reflected in the name Kellanova.
Meanwhile, WK Kellogg Co. will acquire Kellogg’s North American cereal business, which includes popular brands such as Frosted Flakes and Froot Loops. The name is a tribute to the company’s founder, his W.K. Kellogg introduced corn flakes to the world in 1894.
Kellogg announced last year that it had decided to split into three companies to improve its performance and competitiveness in the market. The move was seen as an opportunity to focus on individual stores and optimize their growth potential.
Later on, the corporation changed its mind and chose to integrate MorningStar Farms, a division that produces plant-based foods, into Kellanova, a more lucrative snacking division.
Kellogg made a wise decision by selecting the new names. They convey the changes and innovation the company is adopting while also being simple to recall and resonating with the organization’s heritage. While WK Kellogg Co. is a homage to the company’s founder and its history, Kellanova implies a modern, inventive mindset.
Although it is yet unclear how the new spinoff businesses will fare in the market, Kellogg appears to be making the required preparations to put itself in a position for expansion and success. It was a wise move for the corporation to divide into several organizations and concentrate on particular business sectors.
Read also: Remembering Masatoshi Ito: The Man Behind the Global Expansion of 7-Eleven Convenience Stores
Part of Strategy
The move is under the company’s strategy to stay relevant in the ever-changing food industry and appeal to the newest generation of consumers.
The name Kellanova may sound peculiar to some, but it has a specific meaning. According to Kellogg’s explanation, the “Kell” part of the name recognizes the company’s heritage and ties to the former Kellogg Company.
The addition of “anova” combines the letter ‘a’ with the Latin word for new, “nova,” to signal the company’s commitment to innovation and growth. The name change also signals a new beginning for the company as it sets out on a new path.
The new logo features the recognizable “K” and a sassy, forward-pointing ‘v’ that signifies the company’s forward momentum as it embarks on its next chapter. The logo is modern and fresh, designed to appeal to younger consumers who are looking for innovative and exciting products.
But Kellogg’s rebranding doesn’t stop there. The company is also changing its name to WK Kellogg Co., named after company founder William Keith Kellogg. However, they’ve ditched the periods in WK, signaling the start of a new, unwritten chapter for the company.
The new logo is based on Kellogg’s signature and elevates the “Co.” to emphasize the company’s vision as a 117-year-old start-up, taking Mr. Kellogg’s original company to modern heights.
The rebranding is not just cosmetic; it reflects the company’s commitment to innovation and sustainability. Kellogg’s new products will focus on healthier options and environmentally friendly practices. The company has already made significant moves in reducing its carbon footprint and is committed to sourcing ingredients from sustainable sources.
Kellogg Changes Its Name
Kellogg’s decision to rebrand and change its name is a bold move, but one that is necessary in today’s rapidly changing market. The company has a long history of innovation, and this rebranding is a continuation of that tradition.
The new name and logo reflect Kellogg’s commitment to staying relevant and meeting the needs of its customers, while also staying true to its roots.
The decision was not taken lightly, and the company relied on input from its employees to come up with the new name.
Nearly 1,000 employees submitted more than 4,000 names for consideration, with around 20% suggesting a variation of “W.K. Kellogg (K).” Other suggestions included variations of the word “nova.” While some of the submissions may have seemed silly or unconventional, choosing a name for a brand is no easy feat.
“It’s not easy to come up with new names,” said Bernd Schmitt, a professor of marketing at Columbia University and the faculty director of the Center on Global Brand Leadership. “Many good names are already taken and protected by law.”
Despite the challenges, Kellogg’s employees rose to the occasion and helped the company find a name that represents its values and ambitions for the future. Kellanova combines the “Kell” part of the Kellogg name, recognizing the company’s heritage, with “anova,” which means new in Latin, to signal the company’s commitment to innovation and growth.
Read also: Arrival Center and Office of Asylum Seeker Operations to Support NYC’s 50,000+ Asylum Seekers
Unfamiliar then Accustomed
While the name may seem unfamiliar at first, consumers are likely to become accustomed to it over time. As Schmitt notes, even a name that seems strange at first can be accepted and embraced over time. And with the Kellogg name and recognizable “K” remaining on the company’s packaging, consumers are unlikely to be confused about the company’s identity.
Kellogg’s decision to change its name and rebrand reflects its commitment to staying relevant and meeting the needs of its customers. The new name and logo are modern and fresh, designed to appeal to a new generation of consumers while staying true to the company’s roots.
Upon separation later this year, both Kellanova and WK Kellogg Co. will be publicly traded. Kellanova will use the NYSE ticker symbol “K,” while information about WK Kellogg Co.’s ticker and exchange will be announced in the coming months.
Kellogg’s decision to involve its employees in the naming process is a testament to the company’s commitment to collaboration and innovation. By working together, the company was able to find a name that represents its values and aspirations for the future.