Wallace 'Wally' Amos, Founder Of Famous Amos Cookie Empire And Literacy Advocate, Dies At 88
Portfolio Pulse from Benzinga Neuro
Wallace 'Wally' Amos, founder of Famous Amos and literacy advocate, passed away at 88. Amos lost ownership of Famous Amos but later owned Chip & Cookie in Hawaii and co-founded Uncle Wally’s Muffin Co. Kellogg Company (NYSE:K) sold Famous Amos and other brands to Ferrero Group in 2019 for $1.3 billion.
August 15, 2024 | 1:02 am
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Kellogg Company sold Famous Amos and other brands to Ferrero Group in 2019 for $1.3 billion. The brands generated $900 million in sales and $75 million in profit, representing 6.6% of Kellogg's sales.
The news highlights a past significant business deal involving Kellogg, which may not have a direct short-term impact on the stock price but is relevant for understanding the company's historical asset management.
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