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By 2009, Sara Lee was pursuing the sale of its household and body care business in their continuing effort to focus on core business. [14] In April, Sara Lee launched a state-of-the-art research and development center named The Kitchens of Sara Lee, a 120,000-square-foot (11,000 m 2) campus at the company's headquarters in Downers Grove. [15]
Sara Lee Corp. acquired its fresh-baked division in 2001 with the acquisition of Earthgrains for a then industry record of US$2.8 billion. 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]
The plant closed in 1990 as Sara Lee consolidated production in Tarboro, North Carolina. [14] By 1991, headquarters employees had moved to downtown Chicago. In 2007, Sara Lee severed its final tie to its former home town with the closure of the Sara Lee Bakery Outlet Store. In 1982, Deerfield began an experiment with a community farm. [6]
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 million.
A top U.S. commercial bakery is pushing back on a Food and Drug Administration warning to stop using labels that say its products contain sesame — a potentially dangerous allergen — when they ...
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.
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 ...
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]
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walmart.com has been visited by 1M+ users in the past month
3579 S High St, Columbus, OH · Directions · (614) 409-0683