Sara Lee (SLE) Spinoff
Sara Lee will be spinning off it's Hanes brand company in September. This is part of a long-term restructuring effort at Sara, as they have spun-off or sold a number of companies over the past few years including Coach.
Hanes, with $4.7 billion in sales, will be taking on $2.6 billion in debt when it is spun off. The unit had earnings of $263 million in the past 39 weeks.
Hanes, with $4.7 billion in sales, will be taking on $2.6 billion in debt when it is spun off. The unit had earnings of $263 million in the past 39 weeks.
posted by spinoff at
4:48 PM
3 Comments:
SaraLee in my humble opinion leaving the apparel indusrty is a mistake. The basic use of a wonderful household AMERICAN name would have been a simple answer to have a quality additional line with the SaraLee name.. DUH how about there other products now too using the SaraLee name to sell more and thats an addional line for each product.. EG: SaraLee Breakfast Sausage ..Ham, ColdCuts etc..etc....
By
Anonymous, at 9:33 AM
I am not sure where you are going with this. Are you saying Sara Lee should have kept HanesBrand but rechristened it SaraLee undies? I don't see the value in that. The point here, is that perhaps under separate management (if that's how the spinoff is structured), and if the debt load isn't too crushing (which is debatable), the company will operate more efficiently and generate more value for Sara Lee shareholders.
By
spinoff, at 5:07 PM
I just bought 3,000 shares of SLBS. It's going up!
By
Anonymous, at 5:52 PM
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