Sara Lee Corp. confirmed that the $13 billion company is considering divesting its Household and Body Care businesses, after receiving “expressions of interest.” The $2.3 billion international business unit — which is headquartered in Utrecht, Netherlands, and employs about 8,000 people — makes and distributes household and personal care products to more than 150 countries in Europe, Asia-Pacific, Africa and North America. Its personal care categories include deodorants, baby care, men’s toiletries and oral care products across a brand portfolio that consists of Brylcreem, Sanex, Duschdas, Radox, Zwitsal, Prodent and Zendium.
This story first appeared in the March 31, 2009 issue of WWD. Subscribe Today.
In a statement released Monday, the firm’s chairman and executive officer Brenda C. Barnes said, “Our Household and Body Care business has very strong brands, great distribution and a talented leadership team. In keeping with our commitment to value creation, we will carefully evaluate all opportunities and do what is in the best interest of the company and its stakeholders.”