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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]
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 ...
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 ...
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.
He is twice divorced, and has two daughters. [4] [7] [6]Brenda Jarvis filed suit against Sara Lee Corp. and its then-chief executive C. Steven McMillan in 2004, alleging that Mr. McMillan flew her to Chicago, offered her a job, had sex with her and later rescinded the employment offer after she turned down a second encounter.
CEO of Sara Lee 2005-2010 Brenda Czajka Barnes (November 11, 1953 – January 17, 2017) was an American businesswoman who served as president, chairman and chief executive of Sara Lee , and was the first female CEO at PepsiCo .
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 ...