NEW YORK — Sara Lee Corp. has built a village in Manhattan to house its growing intimate apparel empire and a new campus is being planned for its North Carolina headquarters.
The $6.46 billion intimates division accounts for about a third of Sara Lee’s $17.6 billion in annual sales, making it one of the largest and most profitable lingerie businesses worldwide. Under the aegis of Charles L. Nesbit Jr., president and chief executive officer of Sara Lee Intimate Apparel, industry observers said Sara Lee plans to grow its intimates business between 2 and 3 percent over the next several years.
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