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.
NZ food safety leader wins prestigous award
With over 40 years of dedication to the food safety sector, Professor Phil Bremer has won this...
AFGC appoints new Chair — Bernie Brookes AM
The Australian Food and Grocery Council (AFGC) has appointed Bernie Brookes AM as Chair of its...
PepsiCo appoints Alexia Horley as CEO for ANZ Foods
Today, PepsiCo has announced the appointment of Alexia Horley to the role of CEO for Australia...
