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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]
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 ...
A recently filed a petition in St. Louis Circuit Court is raising questions about what’s next for Missouri Baking Company. The local staple has been around for 100 years this year, […]
Christopher "CJ" Fraleigh (born October 1, 1963) is an American food-industry executive. He is the Executive Chairman of an entity sponsored by private equity firm Kohlberg & Company to acquire the Sara Lee frozen bakery assets from Tyson Foods. [1]
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