Le Cordon Bleu North America Now On The Market

Le Cordon Bleu North America is now on the market for purchase after the Career Education Corporation announced their plans to sell the well-known culinary school.

Following the news of the culinary college’s pending sale, came a statement by the president and CEO of Career Education Corporation, Scott W. Steffey. His statement said, “ We are proud of our Le Cordon Bleu culinary colleges and remain committed to the success of students who attend them, but we believe that it is in the best interest of all involved to identify a new owner who can make a larger investment in order to expand the schools and their offerings. We know that the Le Cordon Bleu brand is highly regarded and in selling the institutions, we plan to maximize shareholder value, maximize the students experience and maximize professional opportunities for staff. This divestiture will allow us to reallocate funds across our portfolio, adding to our balance sheet as we look to position Career Education for growth in 2015 and beyond.”

The culinary college currently has 16 campuses that are conveniently spread throughout the United States, which enables the 10,000 strong attendees to learn to finer ways of French cooking. As of now, it is reported that the students enrolled in Le Cordon Bleu North America will not be impacted as a result of the sale.

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