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General Mills itself was created on June 20, 1928, [8] when Washburn-Crosby President James Ford Bell merged Washburn-Crosby with three other mills. [9] In the same year, General Mills acquired the Wichita Mill and Elevator Company of the industrialist Frank Kell of Wichita Falls , Texas .
After General Mills sold the chain, a limited number of York Steak Houses continued to operate for several years as independent restaurants. As of 2017, only one restaurant is known to remain in operation using the York name, in Columbus, Ohio, near the now-demolished Westland Mall. This location became an independently-owned franchised ...
General Mills stockholders received one share of Darden for every common share of General Mills held. General Mills restaurants had $108 million net income in that year. At the end of 1995, Darden operated 1,250 restaurants in 49 states with 73 locations in Canada. [6] Darden Restaurants was spun off from General Mills beginning on May 9, 1995 ...
General Mills (NYS: GIS) carries $12.9 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
In 1979, Ogden Corporation bought Progresso for $35 million. [3] In 1986 Ogden Foods was sold to Pet, Inc. for $320 million. [4] In 1995, Pet, Inc. was acquired by the Pillsbury Company, then a subsidiary of Grand Metropolitan. [5] General Mills acquired Pillsbury in 2001. [6] A can of "Steak and Roasted Russet Potatoes" ready to be heated on ...
Rating Action: Moody's affirms General Mills Baa2/P-2 ratings; outlook stableGlobal Credit Research - 30 Aug 2022New York, August 30, 2022 -- Moody's Investors Service ("Moody's") today affirmed ...
The company's organic growth was very strong
The Olive Garden started as a unit of General Mills. The Olive Garden's first restaurant was opened on December 13, 1982, in Orlando, Florida, by co-founders Blaine Sweatt, Mark Given, Gino DeSantis and Dave Manuchia. By 1989, there were 145 The Olive Garden restaurants, making it the fastest-growing units in the General Mills restaurant division.