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Sara Lee Corp. Message Board

  • jmj66666 jmj66666 Oct 26, 2005 10:30 AM Flag

    More Impairment!!!!

    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.

    IMPAIRMENT:

    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.

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