Sara Lee Corp.

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Focus: ConAgra own-label exit plan is about growth

ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, w...

Comment: US food sector sees rising valuations

The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar f...

Dean Best | 29 May 2014

With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on Wall Street that supported the split - were about the shareholder benefits of separating the old business.

Katy Askew | 28 May 2014

The hunter became the hunted yesterday (27 May) as Pilgrim's Pride made a hostile bid for Hillshire Brands. The news comes just days after Hillshire announced its own plans to acquire a third US food group, Pinnacle Foods. Pilgrim's play for the maker of Jimmy Dean sausages leaves that deal looking shaky and has set the market alight with rumours that further takeover bids for Hillshire could follow. Katy Askew reports.

Dean Best | 12 May 2014

In the US, a market where volume sales have been and remain under pressure, it has been expected in certain quarters that boardrooms would increasingly run the rule over potential acquisitions. Hillshire Brands executives have moved again - this time with a major deal for Pinnacle Foods.

Katy Askew | 25 Mar 2014

Flowers Foods, the second-largest bakery group in the US, has been an active consolidator in the industry and the group remains on the hunt. Flowers plans to drive continued growth while also expanding its geographic footprint, with a significant proportion of revenue gains to come from M&A. Katy Askew reports.

Latest Interviews

Dean Best | 5 Nov 2012

European food group PinguinLutosa has undergone a period of significant change in recent years, with two notable acquisitions. And that transformation has continued but this time with a deal to sell one part of its business, Lutosa, to McCain Foods. COO Herwig Dejonghe speaks to just-food about the changes and his thoughts for the future of the frozen and canned food group.

Katy Askew | 26 Jun 2008

Responding to the ever-growing demand for organic foods, former Procter & Gamble and Pepsi USA executive Tom Morrison recently launched Organic Alliance, a company that sources organic produce and sells it on to large food companies and retailers. In this month’s Just the Answer interview Morrison, now CEO of Organic Alliance, spoke to Katy Humphries about the company, its vision and strategy.

Latest News

Simon Harvey | 6 Sep 2017

US chicken giant Tyson Foods plans to build a US$320m poultry complex in eastern Kansas, with production targeted to begin in mid-2019.

Hannah Abdulla | 30 Jan 2015

Sara Lee has launched a range of single-serve desserts in the Australia market.

Katy Askew | 18 Dec 2013

Vion Food Group has announced the appointment of Douwe Egberts Master Blenders chief Michiel Herkemij to the post of CEO.

Michelle Russell | 12 Nov 2013

Irish dairy and ingredients group Glanbia has appointed former Sara Lee executive Mark Garvey to the role of finance chief.

Michelle Russell | 12 Nov 2013

Irish dairy and ingredients group Glanbia has appointed former Sara Lee executive Mark Garvey to the role of finance chief.

Michelle Russell | 16 May 2013

US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.

Michelle Russell | 24 Apr 2013

US food group Hillshire Brands has added to its Sara Lee dessert line with the launch of two products.

Michelle Russell | 2 Apr 2013

US agribusiness giant Cargill has appointed former Sara Lee chief executive, Marcel Smits, as its CFO.

Michelle Russell | 21 Mar 2013

US baker Flowers Foods said its sales are up year-to-date and that the company is "well-positioned" for accelerated growth in 2013.

Katy Askew | 27 Feb 2013

US baker Flowers Foods has purchased the royalty-free licenses to use the Sara Lee and Earthgrains brands in California from Groupo Bimbo.

Katy Askew | 21 Feb 2013

US ggroup Hillshire Brands plans to accelerate the growth of its core brands through higher investment in innovation and marketing.

Dean Best | 18 Feb 2013

Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO.

Michelle Russell | 15 Feb 2013

US spreads-to-coffee group JM Smucker has booked an increase in third-quarter profits, boosted by lower commodity costs, and the impact of its recently-acquired Sara Lee coffee business.

Katy Askew | 7 Feb 2013

US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear.

Chris Mercer | 4 Jan 2013

Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development.

Chris Mercer | 19 Dec 2012

Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.

Chris Mercer | 19 Dec 2012

Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.

Michelle Russell | 27 Nov 2012

US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year.

Katy Askew | 16 Nov 2012

JM Smucker has booked an increase in second-quarter earnings and raised its outlook for the full-year.

Dean Best | 9 Nov 2012

US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.

Michelle Russell | 5 Nov 2012

Following the news last week that Premier plc sold its sweet pickles and table sauces business to Mizkan, just-food caught up with the Japanese firm's Euro-Americas president Craig Smith to discuss its plans for the brand. Elsewhere, word reached UK shores of the devastation Hurricane Sandy has left on the east cost of the US. Mondelez revealed an R&D site in New Jersey was still closed yesterday in the wake of the super storm. Elsewhere, the debate over the implementation of fat taxes continued.

Dean Best | 30 Oct 2012

Grupo Bimbo saw its third-quarter earnings tumble 82% after it incurred a jump in pension costs and charges from the integration of the Sara Lee business the bakery giant acquired in North America.

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