BALTIMORE–(BUSINESS WIRE)–Oct 18, 2023– Allianz Trade released today its latest Global Insolvency Report which unveils updated forecasts for 2023 and 2024. According to the worlds leading trade credit insurer, after a small rebound in 2022 (+1%), global insolvencies are set to jump by +6% in 2023 and +10% in 2024. Waning cash buffers and worsening…
The Australian confectionary company Sara Lee best known for its frozen cheesecakes, crumbles and ice-cream has gone into voluntary administration. The beloved dessert brand has appointed FTI Consulting to either sell or restructure the business. The firm is acting as voluntary administrator from 17 October. The business was established in Lisarow, NSW and has been…
Murunwa Makwarela has been reinstated as the City Of Tshwane mayor after he submitted his insolvency rehabilitation certificate to the city manager on Wednesday. Makwarela, who ascended to the mayorship last week on the ticket of the ANC and EFF collaboration efforts, was on Tuesday disqualified as a PR councillor due to insolvency. It was…
Australian dessert staple Sara Lee has joined many other struggling local businesses, entering voluntary administration after 52 years in business. The iconic brand was bought from McCain Foods for an estimated $95 million in 2021 by New Zealand equity firm private equity firm South Island Office, which have appointed administrators Vaughan Strawbridge, Kathryn Evans and…
After 50 years of manufacturing frozen cheesecakes, pies, crumbles and ice cream in Australia, Sara Lee Holdings has gone into voluntary administration. Key points: Vaughan Strawbridge, Kathryn Evans and Joseph Hansell of FTI Consulting have been appointed as voluntary administrators The administrators are seeking to restructure or sell the business while its operations continue Sara Lee was…
Beloved dessert company Sara Lee, known for its frozen cheesecakes, apples pies and ice cream, has gone into voluntary administration. The Australian-arm of the US-based corporation has been trading since 1971, with the brand operating from Lisarow on NSWs Central Coast. Administrators Vaughan Strawbridge, Kathryn Evans and Joseph Hansell of FTI Consulting say business operations…
Australian dessert icon, Sara Lee, known for its frozen cheesecakes, pies, puddings, and crumbles, entered voluntary administration on Tuesday. The brand hopes to restructure and sell off the company while continuing operations. Vaughan Strawbridge, Kathryn Evans and Joseph Hansell from FTI Consulting were appointed as voluntary administrators on October 17. Catch the best deals and…