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General Mills International executive vice president Chris O'Leary weighs in on international growth and sales.
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Rangel made you very much and all right well general -- outlook -- outside.
Of the United States for growth it is international the business international division brings in 30%.
A total worldwide cells and is up from 5% just ten years ago.
Joining me now from the New York Stock Exchange is Chris.
Leary executive vice president CEO oh general mills' international and -- I can't curious at the outset ten years ago.
If this -- the plan to see this type of growth for the international division is is it because the United States and Europe slowed down won't what happened here.
Hello you well know we've the act here in the plan was always to do both Suez to we have great businesses in the United States and Canada and those businesses have performed.
Also very well over those ten years.
But as a company there was an opportunity to tap -- to leverage the skills or employees and our businesses around the globe and happened to markets.
In Europe in the emerging world and we've been doing that steadily over last ten years and as you said 30% now the businesses outside of the US and that.
And our future looks bright because we we believe we can continue the momentum and lead the growth of the company moving forward.
Are you are you concerned about Europe and all -- know this sales sales have been down particularly in Europe I mean if things don't kinda turn around there.
Are you worried they may not be a little deliver the double digit growth numbers of the CEO likening him.
That's.
Our business in Europe has actually been quite robust even given the economy in the situation there with the Euro.
Our largest business in in Europe now always yogurt in that business -- just coming off of -- very strong year our first year of of owning that business in Europe our other businesses -- -- -- growing double digit in Europe.
Old El Paso Mexican foods nature valley so all in all our businesses in Europe despite the circumstances there have been quite good.
-- and we don't expect -- to -- double digit lead we expect our international businesses and total to grow high single digit.
-- -- -- every night and as you know hot dogs an eighty countries right now seeing really got that one particular brand it's really.
Growing throughout the rest of the country let's talk about the yellow bird situation that really has become a war and the younger category because of the emergence -- Greek yogurt.
Americans are buying eating -- like there's no tomorrow but PepsiCo was not coming after you particular -- the largest next good business in the world.
They don't want you to become the largest snack did this in the world how you compete with a name like.
Well we just you -- -- about selling hopefully -- around the world and PepsiCo is PepsiCo and they'll do it they're gonna do but we're focused on bringing innovation.
And great quality products to.
To consumers around the world we have a strong distribution system we have a great -- -- -- we're focused on.
-- growing that business globally I.
You think -- making any more global acquisitions you've recently made buys.
And Brazil you've made local buys and India and do you think that's right it's gonna continue press.
Our primary strategy around the world -- to grow our businesses organically we believe we have tremendous upside potential.
In our categories obviously we've made a few acquisitions in the recent years we will continue to make acquisitions there will be a balance of both organic growth.
And acquisitions to achieve our goals globally.
-- have a -- finally got the top seller in China.
Top seller China memorize his high agonize ice -- it's still the ice cream OK it's silly as -- -- down watch I fairy is a close second but those are two big platforms.
And we believe both have tremendous growth opportunity.
Both in the current cities were in but also to improve.
Our distribution into new cities and is a market everybody wants and you're there Chris so Larry General Mills Chris thank you for being on the show appreciate it thank --
