Global dessert brand Sara Lee's Australian operations have gone into voluntary administration. Kiwi investment firm South Island Office appointed FTI...
Administrator Vaughan Strawbridge seeking to sell or restructure confectionary company active since 1971.
Sara Lee, popular for its frozen cheesecakes and apple crumble, has gone into voluntary administration.
FTI Consulting was appointed as voluntary administrator on Tuesday. The firm will seek a restructuring and sale of the Sara Lee business, while still " ...
While there's uncertainty around the major dessert brand, its factory in NSW appeared to be in full swing this morning.
The business was established in the USA in the 1970s, but has recently faced inflationary pressures, and problems with suppliers in Australia.
Vaughan Strawbridge, Kathryn Evans and Joseph Hansell of FTI Consulting were on Tuesday appointed as voluntary administrators to either sell or restructure the ...
Sara Lee's Australian business was established in Lisarow, NSW, in 1971 and has a long history of producing home-grown desserts, including frozen cheesecakes, ...