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…
DetailsAfter 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…
DetailsBeloved 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…
DetailsAustralian 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…
DetailsA Victorian fashion company has become the latest casualty in Australias struggling retail sector after collapsing into liquidation. Last Tuesday, Melbourne-based retailer Nobody Denim went into voluntary liquidation. Nobody Denim supplied its apparel to The Iconic, David Jones and more than 100 other operators across Australia and New Zealand. The business reportedly made $5.6 million…
DetailsFormer trustees should act fast to preserve the status quo 6 min read A recent New South Wales Court of Appeal judgment has resolved a difficult question concerning the law of corporate trustees, and serves as a practical reminder of the difficulties faced, in particular, by insolvency practitioners appointed to insolvent former trustees. In this…
DetailsCompanies Mckesson Corp Follow Rite Aid Corp Follow NEW YORK, Oct 17 (Reuters) – Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp (MCK.N) to ensure that customers’ prescriptions will continue to be filled during Rite Aid’s bankruptcy, attorneys said on Tuesday. Rite Aid, which filed for Chapter 11 bankruptcy…
DetailsLAS VEGAS (AP) A Las Vegas police officer was sentenced Tuesday to 12 years in federal prison for stealing nearly $165,000 in a trio of casino heists, including one in which he was found guilty of brandishing a department-issued weapon. Caleb Rogers, who has been on unpaid suspension in a solo jail cell since his…
DetailsJohnson & Johnson MedTech is restructuring its DePuy Synthes orthopedic business, executives said today on a quarterly earnings call with investors. J&J (NYSE: JNJ) + CFO Joe Wolk said the two-year restructuring program will take the orthopedics unit out of less profitable markets and product lines to improve the segments profitability after it reported 2.6%…
DetailsOpen this photo in gallery: The company logo for Johnson & Johnson at the New York Stock Exchange, on Sept. 17, 2019.BRENDAN MCDERMID/Reuters Johnson & Johnson JNJ-N on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the…
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