Showing Tag: ""sara lee"" (Show all posts)

Sara Lee sells North American Bakery Division

Posted by Turgut Ziyal on Thursday, July 22, 2010, In : Mergers and Acquisitions 
It is reported that the US food group Sara Lee Corp. is considering the sale of its North American bakery division. According to reports Sara Lee has hired banking advisers to set out the options for the business, which could be worth US$1.5bn.

The North American bakery business had $2.2 billion in sales in the most recent fiscal year, about 17 percent of total revenue for the company, which also owns Hillshire Farm deli meats, Senseo coffee and other food brands.

Hostess Brands Inc and Camp...
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Sara Lee CEO Barnes steps down temporarily

Posted by Turgut Ziyal on Monday, May 17, 2010, In : human resources 

US group Sara Lee has announced that chairman and CEO Ms. Brenda Barnes will temporarily stand down from her post for medical reasons.The company has appointed CFO Mr. Marcel Smits to serve as interim CEO. Lead independent director James Crown will take over as chairman.

Mark Garvey, SVP global business services and corporate controller, will assume the responsibilities of CFO.

The group has given no indication of when Barnes, the chief architect of Sara Lee's move to increase focus on co...


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US Food manufacturers are looking overseas for growth

Posted by Turgut Ziyal on Thursday, February 18, 2010, In : food news 

U.S. food makers are looking overseas for more profitable growth over the next few years, as they often must rely on short-term price promotions to drive sales at home.

Kraft Foods Inc said its acquisition of Cadbury would accelerate long-term growth, though it expects the deal to hurt 2010 results."The U.S. consumer is all grown up, and future growth in consumer spending will be outside the U.S.," said Edward Jones analyst Matt Arnold.From that perspective, Kraft buying Cadbury makes a great ...


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Sara Lee reports growth

Posted by Turgut Ziyal on Wednesday, February 10, 2010, In : FMCG 
Sara Lee Corp.  reported monday strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower corporate expenses. Net income also rose sharply, driven by higher income from continuing and discontinued operations, partially due to one-time tax benefits and lower charges for significant items. Net sales were u...
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About This Blog:


getfoodnews In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document. I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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