Sara Lee Unloads European Drug Unit: Sara...
From Times Staff and Wire Reports
Sara Lee Unloads European Drug Unit: Sara Lee Corp. sold its European over-the-counter drug business, Nicholas, to Switzerland’s Roche Holding Ltd. in an $821-million deal, the companies announced. The transaction is consistent with Sara Lee’s international expansion of its personal products businesses, spokeswoman Denise Stovell said. “The over-the-counter business was never part of our strategy,†she said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
