Sara Lee: Profit grows on strong sales

Chicago / IL. (sl) Food maker Sara Lee Corporation says its fourth-quarter profit soared due to higher sales in nearly every division, led by retail meats and household and body care products. For the quarter ended June 30, net income climbed to 117 million USD from eight million USD in the prior-year quarter.

Overview: Defining the Baltic bread market

Riga / LV. (tbt) Gone are the days when each Baltic village had its own unique style of bread, however, and the market today is dominated by large multinational companies. All three Baltic states have recently seen a rapid consolidation of bakeries, with the few largest companies controlling ever greater shares of the market and many smaller bakeries being forced to close their doors, the Baltic Times describes the market.