Sara Lee will "take price increases as necessary" in order
to offset increasing raw material costs in its bakery segment, the
company said yesterday in its annual analyst meeting.
Net sales for Sara Lee increased 7.1 per cent to $12.3bn (€9.1bn)
for the fiscal year 2007 from $11.5bn (€8.5bn) the previous year,
the company has said.
US based food and beverage retailer Sara Lee claimed last week it
is the first in the industry to provide "straight-forward
information about whole grains across our product portfolio".
American-owned food group Sara Lee is going back to basics with a
new marketing campaign designed to remind food lovers of the joys
of eating - shirking the trend towards functional foods.
Despite set backs to its global expansion plans, the Sara Lee
corporation has revealed that's its North American bakery division
still remains profitable.
Yesterday American-owned Sara Lee reported a massive 77 per cent
drop in third quarter operating profit from $189m last year to $42m
in 2006, impacted by a vast portfolio cull.
US food and consumer goods producer Sara Lee announced Friday it
has entered discussions with Smithfield to sell its European meats
arm, following a drop in the division's anticipated selling price.
US bakery and international consumer goods manufacturer Sara Lee
has announced the sale of its European branded apparel business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Leading US bakery Sara Lee yesterday reported a decline in sales in
its first quarter, with net income hit hard as the company enters
the ninth month in its five-year transformation strategy to shed
unprofitable businesses.
US bakery and international consumer goods manufacturer Sara Lee
has signed an agreement to sell its US retail coffee business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Leading US bakery and international consumer goods manufacturer
Sara Lee has announced that it has entered negotiations regarding
the sale of its European branded apparel business. The move forms
part of the company's bid to...
A second major case of bread contamination in the past week is set
to put bakeries on the alert for contamination risks, as leading US
bakery Sara Lee announces the recall of a number of its products.
Leading US bakery Sara Lee announced this week that it will close
three of its bakery plants, though the company claimed production
will not be effected as it is picked up by neighbouring plants.
International consumer goods maker Sara Lee has confirmed that it
is selling its direct sales cosmetics business to Tupperware for
$577 million. The move forms part of the company's bid to redefine
its over-stretched product...
Major cost-cutting at US-based Sara Lee boosted operating profits
at its bakery division by 36 per cent over 2005 but sales were down
on the previous year after a 53rd week in 2004 swelled turnover.
US-based food producer Sara Lee has announced a solid 4 per cent
sales rise for the first quarter of fiscal 2005 and highlighted its
bakery business as a strong contributor to company growth. But the
praise hides a relatively average...
Flowers Foods, the US baked goods producer, is to buy the
Houston-based bread and bun production facilities of compatriot
Sara Lee, including the rights to supply own label and foodservice
customers in the local market.
