In the spotlight – Sara Lee
By: Michelle Russell | 13 August 2010
There has been much speculation in recent weeks about the future US food group Sara Lee. Plans to sell its North American bread business have been rumoured, a move some believe would herald a break-up of the business. This week, chairman and CEO Brenda Barnes stepped down after illness and the company issued its annual results, as well as an outlook for the first quarter of its next fiscal year that disappointed some analysts.
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There has been much speculation in recent weeks about the future US food group Sara Lee. Plans to sell its North American bread business have been rumoured, a move some believe would herald a break-up of the business. This week, chairman and CEO Brenda Barnes stepped down after illness and the company issued its annual results, as well as an outlook for the first quarter of its next fiscal year that disappointed some analysts.
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