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Food & Beverage

Sara Lee weighs sale of European business

March 16, 2009
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Reuters reports that Sara Lee Corporation, which is focusing on its core food and beverage business, is examining a sale of its European household and personal care business. Citing people familiar with the matter, the Wall Street Journal first reported the possibility of the sale. The company has hired Goldman Sachs to sound out possible bidders for the business, which could fetch more than $2 billion, the people told the paper. It was unclear if any deal will occur. Possible bidders for part or all of the household business include Unilever, Reckitt Benckiser Group, S.C. Johnson & Son Inc. and Colgate-Palmolive Co.
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