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 acquired by New Zealand private equity firm South Island Office in 2021
The dessert maker, which began in the United States, started manufacturing in the New South Wales town of Lisarow in 1971.
The Australian based manufacturing business trades as Sara Lee under license from the global owner of the trademark, with rights to operate in Australia, New Ze…
Read the full article at: https://www.abc.net.au/news/2023-10-18/sara-lee-goes-into-administration-in-australia/102994128