Australian dessert brand Sara Lee has gone into voluntary administration after 52 years of manufacturing frozen cheesecakes, crumbles and ice cream, Australian media reported on Wednesday. This comes after the manufacturer faced high operating costs and supply chain issues...
Established in 1971 in New South Wales, Australia, Sara Lee is known for its frozen cheesecakes, apple pies, crumbles and ice cream.Australian dessert brand Sara Lee has gone into voluntary administration after 52 years of manufacturing frozen cheesecakes, crumbles and ice cream, Australian media reported on Wednesday.
On Tuesday, Sara Lee appointed business consulting firm FTI Consulting as administrators to keep operations running by selling or restructuring the business. “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,” he said.
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