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During its fiscal fourth quarter, Sara Lee's North America bakery business took a hit. Its adjusted net sales fell 4.5% to $535 million and its adjusted operating income dropped 39.4% to $17 ...
Sara Lee's sale of its North American Bakery business is now fully baked. The company announced today that it's selling the unit to Mexico's Grupo Bimbo for $959 Million. The deal follows earlier ...
This sale represents a 66% discount. In November 2011, Sara Lee Corporation completed the sale of its North American fresh bakery business to Grupo Bimbo for $709 million. [17] Sara Lee also sold its fresh-bakery businesses in Spain and Portugal to Grupo Bimbo for 115 million euros ($158.3 million), in a deal announced in October 2011.
On July 4, 2012, Sara Lee Corporation was split into two companies: one for North American operations renamed Hillshire Brands, which continued to use the Sara Lee name on bakery and certain deli products, and the other for international beverage and bakery businesses that was named D.E Master Blenders 1753. [4]
Sara Lee Corp. (SLE) is considering selling its North American bakery business and has asked its financial advisers to test interest from potential buyers, The Wall Street Journal reported.
On June 1, 2018, Tyson announced that it would sell the Sara Lee, Van's, Chef Pierre and Bistro Collection brands to Kohlberg & Company. [32] The sale was completed on August 1. What is now known as Sara Lee Frozen Bakery will be based in Oakbrook Terrace, Illinois. [33]
Bimbo Bakeries USA, which includes brands such as Sara Lee, Entenmann's and Ball Park buns and rolls, appears to be defying an FDA warning sent in June that said the several of the company's ...
Under the terms of the deal, Sara Lee's stock underwent a one-for-five reverse split. As of June 27, 2012, all Sara Lee shareholders saw their holdings transform into Hillshire Brands shares and shrink by a factor of five. In addition, each former Sara Lee shareholder received shares in D.E. Master Blenders 1753 on a one-to-one basis. The ...