Anglo-Dutch consumer giant Unilever has been given the all clear to acquire Sara Lee’s Personal Care and European Laundry business by the European Commission (EC), on the condition it sells on the Sanex deodorant brand after acquisition.
The forthcoming sale of Sara Lee’s household and personal care business will be blocked to bids from two leading private equity firms, according to sources.
Food, household and personal care player Sara Lee is contemplating selling its remaining cosmetics business interest in Europe to focus on food and beverage.
Global consumer goods player Sara Lee say it is outsourcing parts of its North American and European finance, information and procurement services as part of its restructuring.
Sara Lee says it will relocate its corporate headquarters in one
building in Chicago, Illinois, ahead of the planned disposal of its
European personal care operations, writes Simon Pitman.
