USA: Sara Lee says exposure to Kmart "immaterial"
Chicago-based Sara Lee Corporation, one of the world's leading branded consumer packaged goods companies, said yesterday [Tuesday] that its exposure for receivables due from Kmart is "immaterial". As noted in the company's second quarter 10-Q filed with the Securities and Exchange Commission yesterday, Kmart owed Sara Lee US$40m when it filed for bankruptcy, however, Sara Lee also stated that it entered into financial contracts prior to Kmart's bankruptcy, leaving Sara Lee with no material receivables exposure.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Premier has more to ponder than Brexit
- Trump seen as negative for global food trade
- 2017: food policy hotspots in the UK, EU and US
- Analysis: B&G Foods balancing growth and decline
- The food market in 2017 - consumer trends and M&A
- Weetabix takeover talk gathers pace
- Unilever rebrands I Can't Believe It's Not Butter
- Nestle mum on Mead Johnson takeover talk
- Boparan confirms interest in Fox's Biscuits
- Update - Pladis not bidding for Weetabix