9:01AM Sara Lee to sell its U.S. retail coffee business for $82.5 mln (SLE) 18.11 :SLE to sell the business (produces Chock full o'Nuts, Hills Bros, Chase & Sanborn and MJB brands, as well as pvt. label brands) to Italy-based Segafredo Zanetti Group. Deal is expected to close by the end of '05. Deal does not include Sara Lee's global Senseo brand. SLE expects to record a $44 mln pretax impairment charge related to the deal in Q1 FY '06.
1. A reduction in a company's stated capital.
2. The total capital that is less than the par value of the company's capital stock.
Investopedia Says: 1. This is usually reduced because of poorly estimated losses or gains.
2. Impairment can be used in many contexts. Whatever the situation, impairment is bad for the company.