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By 2009, Sara Lee was pursuing the sale of its household and body care business in their continuing effort to focus on core business. [14] In April, Sara Lee launched a state-of-the-art research and development center named The Kitchens of Sara Lee, a 120,000-square-foot (11,000 m 2) campus at the company's headquarters in Downers Grove. [15]
Seven months later, A-B spun off its bread business as the stand-alone Earthgrains Corporation. In 2000, Earthgrains merged with the Sara Lee Corporation. In 2011, Sara Lee sold its bread business, including the trademark Sara Lee, to the worldwide Grupo Bimbo, which is based in Mexico City. [1] [3]
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Sara Lee reportedly is close to cutting a deal to sell its North American bakery business to Grupo Bimbo for a sticker price of $900 million to $1 billion, according to a Bloomberg report. That ...
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Under the terms of the deal, Sara Lee's stock underwent a one-for-five reverse split. As of June 27, 2012, all Sara Lee shareholders saw their holdings transform into Hillshire Brands shares and shrink by a factor of five. In addition, each former Sara Lee shareholder received shares in D.E. Master Blenders 1753 on a one-to-one basis. The ...
The warning followed inspections late last year at Bimbo plants in Phoenix, Arizona, and Topeka, Kansas, that make Sara Lee and Brownberry breads. In addition, FDA officials indicated that ...
Brownberry changed the recipe of the bread, and was changed back after complaints. [13] Arnold, like Brownberry, enjoys a long history, having begun in 1940 by Dean and Betty Arnold. In 23 years, Brownberry has gone through 6 mergers to become what it is today. The bakery produces and ships more than 1 million pounds of bread every week.