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Vie de France Plans to Sell Its Bakeries; Japanese Company To Pay $40 Million
From:
The Washington Post
| Date:
January 8, 1991| Author:
Kara Swisher
| Copyright (null) The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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Vie de France Corp., the McLean-based food and restaurant
business that made its name baking French croissants and baguettes
for Americans, announced plans yesterday to sell its bakery division
to a Japanese company for more than $40 million.
Vie de France said it has entered into a preliminary agreement
to sell its wholesale bakery division to Yamazaki Baking Company
Ltd. of Tokyo, which will continue to produce baked goods under the
Vie de France name. The Japanese food company wi...