Marcel Smits, the chief executive of Sara Lee, defended the US food group’s plans to split the business in two, amid questions over whether the move will benefit shareholders. Smits, who also admitted...

Sara Lee, the US food group, on Friday (28 January) confirmed plans to split itself in two.The company’s senior management has drawn up proposals, backed by its board, to create two publicly-traded...

General Mills has said that its new Australian acquisition Pasta Master is “a great fit” for the US food group’s operations in the country. The company announced on Tuesday that it had...

Meat pie manufacturer Patties Foods Ltd has denied any intention of purchasing Sara Lee’s Australian food brands, contradicting speculation in the Sydney Morning Herald that the Bairnsdale-based...

General Mills announced today that it is selling its Croissant King and van den Bergh’s frozen bakery businesses in Australia to Kerry Group, a global food and ingredients company headquartered in Ireland. The...

US food group Sara Lee has agreed to sell its North American fresh bakery operations to Mexico’s Grupo Bimbo in a deal worth US$959 million, following months of speculation over Sara Lee’s...

Changing socio-demographic structure and increasing western influence are providing impetus to new product launches in bakery and cereals in Japan. Although mature, with close to 600 new product launches...

Inherent strength of the Chinese economy and resultant consumption boom is driving the growth of the bakery and cereals market in China.China held the fourth position in terms of retail sales and the second...

Jobs are under threat at the Spanish arm of US food giant Sara Lee as the company reviews its bakery operations in the country.Sara Lee has been looking at different ways to distribute its bread throughout...

Australian bread franchise Bakers Delight has unveiled its new brand strategy, in a plan to reposition the business for continued growth. The $6 million dollar plan will focus on emphasising the freshness...