Sara Lee enters voluntary administration
On 19 October, it was announced that Australia frozen baked foods and desserts brand Sara Lee has called in administrators, hiring FTI Consulting to sell or restructure the Australian side of the business.
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, pies, crumbles and ice cream.
In 2021, New Zealand private equity firm South Island Office bought Sara Lee from McCain Foods for an estimated $95 million. The firm later merged it with The Original Foods Baking Co.
FTI is now working with Sara Lee’s management team and staff to continue operations, while commencing the process to sell or restructure the business.
Only the Sara Lee brand in Australia is in voluntary administration.
Massey University expands its youth program across food and fibre sector
The two educational programs planned for early 2027 are designed to provide Year 12 and 13...
Aussie lolly brand to expand into the US market
From 13 September, Australia-founded lolly brand FUNDAY will be launching five of its varieties...
NZ's winemaker and viticulturist awards announced
Nick Lamain becomes the 2026 Young Winemaker of the Year, and Kris Godsall is the 2026 Young...
