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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.
Sara Lee reportedly is close to cutting a deal to sell its North American bakery business to Grupo Bimbo for a sticker price of $900 million to $1 billion, according to a Bloomberg report. That ...
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]
Seven months later, A-B spun off its bread business as the stand-alone Earthgrains Corporation. In 2000, Earthgrains merged with the Sara Lee Corporation. In 2011, Sara Lee sold its bread business, including the trademark Sara Lee, to the worldwide Grupo Bimbo, which is based in Mexico City. [1] [3]
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 ...
U.S. Food and Drug Administration inspectors found that Bimbo Bakeries USA — which includes brands such as Sara Lee, Oroweat, Thomas', Entenmann's and Ball Park buns and rolls — listed ...
Six months later, A-B spun off its bread business as the stand-alone Earthgrains Corporation. In 2000, Earthgrains merged with the Sara Lee Corporation. In 2011, Sara Lee sold its bread business, including the trademark Sara Lee, to the worldwide Grupo Bimbo, which is based in Mexico City. Today the bakery markets under the "Heiner's ...
Brownberry changed the recipe of the bread, and was changed back after complaints. [13] Arnold, like Brownberry, enjoys a long history, having begun in 1940 by Dean and Betty Arnold. In 23 years, Brownberry has gone through 6 mergers to become what it is today. The bakery produces and ships more than 1 million pounds of bread every week.
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