Dessert icon Sara Lee saved as administrators secure sale
The company was profitable as recently as 2022, but the Kiwi PE owners ran into cashflow and supply chain problems.
South Island Office acquired Sara Lee in 2021 for about A$95m.
Canterbury-based private equity firm, South Island Office, has secured an exit from its investment in iconic dessert brand Sara Lee with the company rescued from administration through a sale to Australian investors.
Administrators FTI Consulting, who were appointed in October, last night announced
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