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Ferrero just dropped $3.1 billion to acquire cereal maker WK Kellogg, home of Froot Loops and Frosted Flakes. But why now, and why cereal?

In this episode, Namaan and Jenny Rae unpack the deal from every angle, connecting the dots on category expansion, geographic growth, shelf space strategy, and manufacturing capacity.

Plus, how this move compares to Ferrero’s other acquisitions, what it signals for the snack industry, and why most M&A deals fail.

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S19E3: Inside Ferrero's $3.1 Billion Play for WK Kellogg (July 10, 2025)

Strategy Simplified

S19E3: Inside Ferrero's $3.1 Billion Play for WK Kellogg (July 10, 2025)