An investor group including Hunan Sanfa Catering Management Co., Ltd. signed a definitive agreement to acquire an unknown majority stake in Häagen-Dazs shops in Mainland China from General Mills, Inc..
An investor group including Hunan Sanfa Catering Management Co., Ltd. signed a definitive agreement to acquire an unknown majority stake in Häagen-Dazs shops in Mainland China from General Mills, Inc. (NYSE:GIS) on June 1, 2026.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is June 1, 2026 to December 31, 2026.
Herbert SMITH Freehills Kramer Global LLP acted as legal advisor for General Mills, Inc. Citigroup Inc. acted as financial advisor for General Mills, Inc.
General Mills, Inc. is one of the world's leaders in food groups. The group proposes cereal of breakfast, prepared meals, frozen vegetables, pizzas frozen, pasta ready for use, yoghurt, desserts, sauces, etc. notably under brands Cheerios, Pillsbury, Green Giant, Old El Paso, Progresso, Wheaties, Häagen-Dazs, Nature Valley, Betty Crocker and Wanchai Ferry. In addition, General Mills, Inc. sells pet food. The activity is organized around two markets:
- consumer distribution;
- catering and bakery: sale of products to restaurants, to bakeries, operators of vending machines and dishes as well as to cafeterias of schools and companies.
The United States account for 73.8% of net sales.
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An investor group including Hunan Sanfa Catering Management Co., Ltd. signed a definitive agreement to acquire an unknown majority stake in Häagen-Dazs shops in Mainland China from General Mills, Inc..
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