Food spin-offs history summarySpin-offs are dominating the food and beverage landscape in 2025Past spin-offs include Mondelēz International, originally Kraft Foods’ snacking businessPepsiCo also spun off three restaurants into Tricon Global Restaurants, which became Yum! Mondelēz International and Kraft Foods GroupOne of the largest food companies in the world is the result of a spin-off. In 2012, Kraft Foods split in two. While Conagra Brands contained the company’s retail-focused brands, Lamb Weston kept its foodservice potato products. Since the split, Lamb Weston has been performing well.