Favourite dessert maker goes in voluntary administration
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Janelle Ward.
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19 October 2023 at 11:32 am #1816685
Janelle WardMemberWho hasn’t had – and loved – a Sara Lee cheesecake or pie or ice cream? Fingers crossed we can still buy those products in the months and years ahead.
After 50 years of manufacturing frozen cheesecakes, pies, crumbles and ice cream in Australia, Sara Lee Holdings has gone into voluntary administration.
On Tuesday, FTI Consulting was appointed as voluntary administrator of Sara Lee Holdings Pty Ltd. The administrators sat they will be seeking to restructure and sell the business, while continuing operations.
“Sara Lee is an iconic brand which produces quality Australian made products from its manufacturing facility in Lisarow NSW, where it employs some 200 staff,” the administrator said in a statement.
“We are working with Sara Lee’s management team and staff to continue operations while we secure the future of the business.
“We are immediately commencing a process to sell or restructure the business and continue its long history of manufacturing in Australia.”
The administrator expected a lot of interest in the business.
Are you a Sara Lee fan? What’s your favourite product?
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