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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]
The plant closed in 1990 as Sara Lee consolidated production in Tarboro, North Carolina. [14] By 1991, headquarters employees had moved to downtown Chicago. In 2007, Sara Lee severed its final tie to its former home town with the closure of the Sara Lee Bakery Outlet Store. In 1982, Deerfield began an experiment with a community farm. [6]
Sara Lee Corp. acquired its fresh-baked division in 2001 with the acquisition of Earthgrains for a then industry record of US$2.8 billion. This sale represents a 66% discount. In November 2011, Sara Lee Corporation completed the sale of its North American fresh bakery business to Grupo Bimbo for $709 million. [17]
Consolidated Foods, now Sara Lee Corporation, acquired Fuller Brush in 1968; [9] Avard Fuller retired a year later. [7] Office operations moved initially to Niles, Illinois, then relocated along with manufacturing and research to Great Bend, Kansas in 1973. [4] As of 1985, all of the company's sales were still generated door-to-door. [9]
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 ...
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 ...
Online furniture retailer Wayfair is planning to open an outlet store in Naperville this fall. It will be located at 324 S. Route 59 in the Westridge Court strip mall, a Wayfair spokesperson ...
CEO of Sara Lee 2005-2010 Brenda Czajka Barnes (November 11, 1953 – January 17, 2017) was an American businesswoman who served as president, chairman and chief executive of Sara Lee , and was the first female CEO at PepsiCo .