General Mills

General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. Often nicknamed "Big G", the company markets many well-known North American brands, including Gold Medal flour, Annie's Homegrown, Betty Crocker, Yoplait, Colombo, Totino's, Pillsbury, Old El Paso, Häagen-Dazs, Cheerios, Trix, Cocoa Puffs, and Lucky Charms.
History.
Washburn-Crosby Company.
The company can trace its history to the Minneapolis Milling Company, incorporated in 1856. The company was founded by Illinois Congressman Robert Smith, who leased power rights to flour mills operating along the west side of Saint Anthony Falls on the Mississippi River in Minneapolis, Minnesota. Cadwallader C. Washburn acquired the company shortly after its founding and hired his brother William D. Washburn to assist in the company's development. In 1866 the Washburns got into the business themselves, building the Washburn "B" Mill at the falls. At the time, the building was considered to be so large and output so vast that it could not possibly sustain itself. However, the company succeeded, and in 1874 he built the even bigger Washburn "A" Mill.
In 1877, the mill entered a partnership with John Crosby to form the Washburn-Crosby Company, producing winter wheat Flour. That same year Washburn sent William Hood Dunwoody to England to open the market for spring wheat. Dunwoody was successful and became a silent partner.
In 1878, the "A" mill was destroyed in a flour dust explosion along with five nearby buildings. The ensuing fire led to the death of 18 workers.
Construction of a new mill began immediately. Not only was the new mill safer but it also was able to produce a higher quality flour after the old grinding stones were replaced with automatic steel rollers, the first ever used.
In 1880, Washburn-Crosby flour brands won gold, silver and bronze medals at the Millers' International Exhibition in Cincinnati, causing them to launch the Gold Medal flour brand.
In 1924, the company acquired a failing Twin Cities radio station, WLAG, renaming it WCCO (from Washburn-Crosby Company).
Founding.
General Mills itself was created in June 1928 when Washburn-Crosby President James Ford Bell merged Washburn-Crosby with three other mills.
In 1928, General Mills acquired the Wichita Mill and Elevator Company of the industrialist Frank Kell of Wichita Falls, Texas. With the sale, Kell acquired cash plus stock in the corporation.
The newly merged company paid a dividend in 1928, and has continued the dividend uninterrupted since then–one of only a few companies to pay a dividend every year since then.
Merchandising and television sponsorships.
Beginning in 1929, General Mills products contained box top coupons, known as Betty Crocker coupons, with varying point values, which were redeemable for discounts on a variety of housewares products featured in the widely distributed Betty Crocker catalog. The coupons and the catalog were discontinued by the company in 2006. A similar program, Box Tops for Education, in which coupon icons clipped off various General Mills products can be redeemed by schools for cash, started in 1996 and is still active.
General Mills became the sponsor of the popular radio show "The Lone Ranger" in 1941. The show was then brought to television, and, after 20 years, their sponsorship came to an end in 1961.
Beginning in 1959, General Mills sponsored the "Rocky and His Friends" television series, later known as "The Bullwinkle Show". Until 1968, Rocky and Bullwinkle were featured in a variety of advertisements for General Mills. General Mills was also a sponsor of the Saturday-morning cartoons from the Total Television productions studio, including Tennessee Tuxedo. The company also was a sponsor of the ABC western series "The Life and Legend of Wyatt Earp", starring Hugh O'Brian.
Aeronautical Research Division and Electronics Division.
In 1946, General Mills established their Aeronautical Research Division with chief engineer Otto C. Winzen. This division developed high altitude balloons in conjunction with the United States Navy Office of Naval Research (ONR), such as the Skyhook balloon.
The Aeronautical work of General Mills done around the time of the second World War is continued by the company Raven Industries in their Raven Aerostar department.
The General Mills Electronics division developed the DSV "Alvin" submersible, which is notable for being used in investigating the wreck of "Titanic" among other deep-sea exploration missions.
Diversification: toys and restaurants.
The first venture General Mills took into the toy industry was in 1965. The company bought Rainbow Crafts, which was the manufacturer of Play-Doh. General Mills' purchase of the company was substantial because it brought production costs down and tripled the revenue.
In 1967, General Mills bought Kenner.
General Mills came out with their "Monster Cereals" in the 1970s. The cereals are now produced and sold seasonally around Halloween.
In 1970, General Mills acquired a five-unit restaurant company called Red Lobster and expanded it nationwide. Soon, a division of General Mills titled General Mills Restaurants developed to take charge of the Red Lobster chain. In 1980, General Mills acquired the California-based Good Earth health food restaurant chain. The company eventually converted the restaurants into other chain restaurants they were operating, such as Red Lobster. In 1982, General Mills Restaurants founded a new Italian-themed restaurant chain called Olive Garden. Another themed restaurant, China Coast, was added before the entire group was spun off to General Mills shareholders in 1995 as Darden Restaurants.
During the same decade, General Mills ventured further, starting the General Mills Specialty Retail Group. They acquired two clothing and apparel companies, Talbots and Eddie Bauer. The acquisition was short-lived. Talbots was purchased by a Japanese company, then known as JUSCO, and the Spiegel company purchased Bauer. Spiegel later declared bankruptcy, yet Bauer still remains, albeit in a smaller presence in the United States today.
From 1976 to 1985, General Mills went to court as the parent company of Parker Brothers, which held the rights on the brand name and gaming idea of the board game "Monopoly", claiming that the so-called Anti-Monopoly game of an economics professor infringed their trademark. The dispute extended up to the U.S. Supreme Court, which ruled against them, saying that while they have exclusive rights to the game "Monopoly", they can not prevent others from using the word "monopoly" in the name of a game.
In 1985, General Mills' toy division was separated from its parent as Kenner Parker Toys, Inc. There were many potential acquirers of the business but it was floated on the stock exchange with General Mills' shareholders getting equivalent shares in Kenner Parker. This was more tax efficient for General Mills.
Recent history.
In 1990, a joint venture with Nestlé S.A. called Cereal Partners was formed which markets cereals (including many existing General Mills cereal brands) outside the US and Canada under the Nestlé name.
In 2001, the company purchased Pillsbury (sans Burger King) from Diageo, although it was officially described as a "merger".
Since 2004, General Mills has been producing more products targeted to the growing ranks of health-conscious consumers. The company has chosen to switch its entire breakfast cereal line to whole grain. The company also started manufacturing their child-targeted cereals with less sugar. General Mills has reduced the level of sugar in all cereals advertised to children to 11 grams per serving. The company's recent marketing to children included the advergame "Millsberry", a virtual city that included games featuring General Mills products. The site launched in August 2004 and ran through December 2010. The site allowed you to create an avatar, build a house, and play various games to earn money. You could spend this money in the main town, and use it to purchase things like General Mills cereals or furniture for your home. 
In April 2011, General Mills announced that it will switch all 1 million eggs it uses each year to cage-free.
General Mills was ranked #181 on the 2012 Fortune 500 list of America's largest corporations, 161 in 2015 and was the third-largest food consumer products company in the United States. During June 2012, the company's vice-president for diversity stated that General Mills opposes a Minnesota amendment banning gay marriage, stating that the company values "inclusion". The company received positive feedback for its stand which might attract people to its global workforce.
The company announced in September 2014 that it would acquire organic food producer Annie's Inc. for a fee of around $820 million, as part of its strategy to expand in the US natural foods market. In October 2014, General Mills announced plans to cut 700 to 800 jobs, mostly in U.S., in corporate restructuring planned to be completed by the end of 2015.
In 2015, citing climate change, General Mills promised to reduce its greenhouse gas emissions by 28 percent over 10 years. In December 2016, the company announced it would be restructuring, splitting into four business groups based on global region, and cutting as many as 600 jobs.
In February 2018, the company entered into the pet products industry, paying $8 billion to buy Blue Buffalo Pet Products, Inc. As of 2018, the company ranked 182nd on the Fortune 500 list of the largest United States corporations by revenue.
Having launched its first regenerative agriculture pilot program in March 2019, the company has plans to improve soil health on 1 million acres of farmland by 2030. 
In February 2020, General Mills was recognized by CDP as a global leader in corporate sustainability and received a place on the CDP "A List" for both climate change and water security.
Corporate governance.
, the company's management included:
Change to legal terms.
In April 2014, the company announced that it had changed its legal terms on its website to introduce an arbitration clause requiring all disputes with General Mills to be resolved in small claims court or arbitration and not as a participant in a class action. The change was made shortly after a judge's March 26, 2014, denial of a motion to dismiss a class action regarding the marketing of the company's Nature Valley brand products. Users would be deemed to accept the terms by interacting with General Mills on its website in various ways, such as downloading coupons, subscribing to newsletters, or participating in Internet forums hosted on the website. "The New York Times" stated that the agreement could be interpreted to additionally construe purchasing General Mills products at a grocery store or liking the company's Facebook page as assent to the terms; General Mills disclaimed that interpretation, calling it a "mischaracterization". The change in terms resulted in a massive backlash of protests via consumer groups and social media, and General Mills reverted the terms back to the original content after only a few days.
Brands.
Breakfast cereals.
General Mills's breakfast cereals include:
Some brands are marketed outside the US and Canada by the Cereal Partners joint venture using the Nestlé brand.
Discontinued cereals.
General Mills cereals no longer manufactured include:
Baking goods.
The company's baking-goods brands include:
It also produces fruit snacks, including Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, and Fruit Shapes.
Grain snacks.
The company's grain-snack brands include:
Meal products.
The company's meal products brands include:
Organic food.
It also produces organic foods, via Cascadian Farm, which they took over when they bought Small Planet Foods, and Muir Glen. More recently, as of 2014, it has purchased Annie's Homegrown.
Other brands.
Other company brands include Annie's, Blue Buffalo, Frescarini, Latina, Totino's, Jeno's, Progresso, Colombo, and Yoplait (51%). It also produces Häagen-Dazs ice cream outside of the US and Canada. General Mills acquired the meat-based brand Epic Provisions in 2016.
"Box Tops for Education".
Box Tops for Education is a program that was introduced by General Mills in 1996 to provide money for K-12 education. When the program started, the top right corner of the top label of the box contained a small coupon (known as a box top) that was able to be clipped off the box and sent to a child's school. Every box top that was sent would allow the school to pay for supplies, which would in turn help the school's students. In July 2019, "Box Tops for Education" introduced a mobile app where a store receipt would have to be scanned within two weeks of purchase in order for the money to be collected; the physical box tops themselves were phased out in December 2019.
Company locations.
, 79 facilities for the production of a wide variety of food products were in operation. Of these facilities, 49 are located in the US, 12 in the Asia/Pacific region (8 of which are leased), 5 in Canada (2 of which are leased), 7 in Europe (3 of which are leased), 5 in Latin America and Mexico, and one in South Africa.
Principal production facilities were located in:
International bakeries and food service facilities are in:
The company also has a Global Business Solutions (GBS) division in Mumbai, India. Its prominent brand in India is Pillsbury although it has opened a premium ice cream parlour of Häagen-Dazs ice cream in Delhi and Mumbai. In 2017 General Mills moved its UK Jus-Rol operations to Greece. 