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Tag "Sara Lee"

Hillshire Brands Company is New Name For Sara Lee’s North American Business

    Hillshire Brands Company is New Name For Sara Lee’s North American Business

Sara Lee has chosen Hillshire Brands Company as the new name for its North American business. Sara Lee will become two independent pure-play, publicly-traded companies on June 28, 2012. DE

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Sara Lee Moves Closer to Coffee and Tea Business Spin-off

    Sara Lee Moves Closer to Coffee and Tea Business Spin-off

Sara Lee expects to complete the spin-off of its international Coffee & Tea business by the end of June 2012. Post spin-off, the Coffee & Tea business will be domiciled

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Sara Lee Strengthens its International Beverages Business

    Sara Lee Strengthens its International Beverages Business

Sara Lee has acquired Tea Forte, a US-based leader in the ultra-premium tea category, for an undisclosed sum. The deal is in line with Sara Lee’s plans to divide the

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Sara Lee to Acquire Dutch Cafe Store Leader

    Sara Lee to Acquire Dutch Cafe Store Leader

Sara Lee, the US-based food and beverage group, is acquiring CoffeeCompany, a leading Dutch cafe store operator. The acquisition will boost Sara Lee’s branding platform and strengthen its presence in

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Sara Lee Completes Sale of Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

    Sara Lee Completes Sale of Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

US-based food group Sara Lee has completed the Eur115 million sale of its fresh bakery business in Spain and Portugal to Mexico’s Grupo Bimbo. The agreement includes all Sara Lee

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Sara Lee Strengthens European Coffee Business

    Sara Lee Strengthens European Coffee Business

Sara Lee and its Norwegian joint venture partner, Kaffehuset Friele, have agreed to acquire the House of Coffee business, a leading food service provider of beverage solutions to offices and

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Grupo Bimbo Completes Acquisition of Sara Lee’s North American Business

    Grupo Bimbo Completes Acquisition of Sara Lee’s North American Business

Grupo Bimbo has just completed the acquisition of Sara Lee’s fresh bakery business in North America. The deal, which has an enterprise value of $959 million, was originally announced in

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Sara Lee Close to Disposing of French Bakery Unit

    Sara Lee Close to Disposing of French Bakery Unit

Sara Lee is reported to be in negotiations to sell Eurodough, its French baked goods unit, as part of the US-based group’s strategy to divest its international bakery businesses. With

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Sara Lee to Sell Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

    Sara Lee to Sell Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

Sara Lee has agreed to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo for €115 million ($154 million) in cash. The deal includes all Sara

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Sara Lee to Shed European Bakery Businesses

    Sara Lee to Shed European Bakery Businesses

Sara Lee has decided to divest its Spanish bakery and French refrigerated dough businesses. A sales process is underway and numerous bids have been received. The Australian frozen desserts business

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Sara Lee to Spin-off International Coffee and Tea Business

    Sara Lee to Spin-off International Coffee and Tea Business

US-based food and beverage group Sara Lee has decided to spin-off its International Coffee and Tea business, rather than spinning off its North American business. At the start of the

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JBS Group Targets Sara Lee

    JBS Group Targets Sara Lee

The world’s largest beef producer JBS Group of Brazil is reported to be preparing an offer of $21 a share for Sara Lee, which would value the US-based food and

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Strong Profits Growth at Refocusing Sara Lee

    Strong Profits Growth at Refocusing Sara Lee

Despite a 0.8% drop in net sales to $10.8b, reflecting lower volume sales and prices, Sara Lee increased operating income by 88.6% to $918m in its 2010 financial year, driven

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Sara Lee Searches For New Head

    Sara Lee Searches For New Head

US and international food and beverage group Sara Lee has announced that Brenda Barnes is stepping down permanently from the positions of chairman and chief executive so she can continue

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Sara Lee Refocusing Continues With €320m Disposal

    Sara Lee Refocusing Continues With €320m Disposal

US-based food, household and body care products group Sara Lee has completed the sale of its air care operation to Procter & Gamble for Eur320m. The disposal is part of

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