Sara Lee
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- For the musician, see Sara Lee (musician).
| Sara Lee Corporation
<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Image:Sara Lee logo.JPG</td></tr> | |
| Type | Public (NYSE: SLE) |
|---|---|
| Founded | 1939 |
| Headquarters | Downers Grove, Illinois, USA; manufacturing facilities in 30 U.S. states and 58 countries selling in 200 countries
<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Brenda C. Barnes, CEO</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Food, Apparel</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>Food Clothes</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>Image:Green Arrow Up.svg$19.254 billion USD (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Operating income</th><td>Image:Green Arrow Up.svg$1.120 billion USD (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Net income</th><td>Image:Green Arrow Up.svg$719.00 million USD (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>137,000 (2006)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Slogan</th><td>"Nobody doesn't like Sara Lee" |
Sara Lee Corporation (NYSE: SLE) is an American consumer-goods company based in Illinois. Sara Lee is also the brand name of a number of frozen and packaged foods, often known for the long-running slogan "Nobody doesn't like Sara Lee". This slogan has been in place since 1968.
The company traces its lineage to 1939, when Nathan Cummings acquired C.D. Kenny Company, a wholesale distributor of sugar, coffee and tea in Baltimore, and created Consolidated Foods Corporation. In 1956 the company bought a company known as "Kitchens of Sara Lee", which became one of the company's best-known brand names. In 1985 management adopted the brand name as the name of the corporation as a whole.
As of 2004, Sara Lee Corporation has operations in 58 countries; sells food, clothing and household products in nearly 200 nations; and has 150,000 employees worldwide.
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[edit] Focus and Change
In February of 2005, Brenda C. Barnes became the chairman and CEO of Sara Lee. The Wall Street Journal named Barnes one of 50 women to watch in 2005. The firm also announced that it would move its headquarters from Chicago, Illinois to Downers Grove, Illinois. The company began executing a bold and ambitious multi-year plan to transform Sara Lee into a company focused on food, beverage, and household and body care businesses around the world. As part of its transformation plan, Sara Lee will drive growth in its key categories via such strong brands as Kahn's, Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Kiwi, Sanex, Senseo and its namesake, Sara Lee. One of these sales was that of UK based clothing manufacturer Courtaulds <ref>http://business.timesonline.co.uk/article/0,,9065-2173217,00.html</ref>. In the fall of 2006, Sara Lee will complete the spinoff of Hanesbrands, which include apparel brands Champion, Playtex, Wonderbra, and Hanes.
[edit] Governance
Current members of the board of directors of Sara Lee are: Brenda C. Barnes, J.T. Battenberg, Charles Coker, Virgis Colbert, James Crown, Willie D. Davis, Laurette Koellner, Cees van Lede, Rozanne Ridgway, Richard L. Thomas, Ian Prosser, and Jonathan Ward.
[edit] Foundation
Company founder Nathan Cummings founded the Nathan Cummings Foundation. The foundation remains active in poverty, political-oppression, and human-rights issues.
In 1971 the corporation founded the Sara Lee Foundation, to more efficiently handle its philanthropic activities. These are focused primarily in the Chicago area, or where the various parts of the corporation operate
[edit] See also
[edit] References
To Share - The Heritage, Legend, and Legacy of Nathan Cummings by Janice A. Petterchak, Legacy Press, Rochester, Illinois, 2000, 165 pages. ISBN 0-9653198-4-9 Library of Congress Catalog Card Number 00-104847
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