Dessert model Sara Lee has gone into voluntary administration after 52 years of producing frozen cheesecakes, crumbles and ice cream, the Australian media reported on Wednesday.
This comes after the producer confronted excessive working prices and provide chain points previously 12 months.
On Tuesday, Sara Lee appointed enterprise consulting agency FTI Consulting as directors to maintain operations working by promoting or restructuring the enterprise.
The model presently employs greater than 200 staff at its manufacturing facility in Lisarow, New South Wales (NSW), stated administrator Vaughan Strawbridge.
“We’re working with Sara Lee’s administration crew and workers to proceed operations whereas we safe the way forward for the enterprise. We’re instantly commencing a course of to promote or restructure the enterprise and proceed its lengthy historical past of producing in Australia,” he stated.
Mr Strawbridge added that the model expects excessive curiosity within the enterprise and would work with events and stakeholders to safe the continued enterprise and supply readability to its workers and clients.
Established in 1971 in NSW, Sara Lee is understood for its frozen cheesecakes, apple pies, crumbles and ice cream.
In 2021, Sara Lee was acquired by New Zealand personal fairness agency South Island Workplace from international large McCain Meals for round A$95 million (S$82.8 million).
The dessert maker additionally trades in New Zealand, the Center East and Southeast Asia.
On-line checks by ST present its merchandise are nonetheless accessible in a number of main grocery store chains together with Chilly Storage and FairPrice.
This text was first printed in The Straits Occasions.
Supply: Her World