Sara Lee, a renowned dessert brand, has gone into voluntary administration. FTI Consulting was appointed as a voluntary administrator. The Sara Lee business will be restructuring and selling, but it will continue operations as usual. With its longstanding manufacturing history in Australia, there is hope that this will continue.
Administrator Vaughan Strawbridge said that there was a high expectation of interest in the business, which FTI Consulting will collaborate with, along with Sara Leee stakeholders, to retrieve a favourable outcome as quickly and efficiently as possible to secure it as an ongoing business while also providing clarity to its staff and broad customer base.
In its manufacturing facility in Lisarow, New South Wales, A…
Read the full article at: https://supermarketnews.co.nz/news/renowned-frozen-dessert-brand-going-into-voluntary-administration/