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Australian dessert brand Sara Lee has gone into voluntary administration after 52 years of manufacturing frozen cheesecakes, crumbles and ice cream, the Australian media reported on Wednesday.
This comes after the manufacturer faced high operating costs and supply chain issues in the past year.
On Tuesday, Sara Lee appointed business consulting firm FTI Consulting as administrators to keep operations running by selling or restructuring the business.
This comes after the manufacturer faced high operating costs and supply chain issues in the past year.
On Tuesday, Sara Lee appointed business consulting firm FTI Consulting as administrators to keep operations running by selling or restructuring the business.