Switzerland-based bakery group Aryzta announced two acquisitions in North America yesterday (10 March) as it revealed sales in the region ca...
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Swiss bakery group Aryzta has booked a jump in full-year earnings, boosted by acquisitions and a strong performance in the developed markets of Europe and North America.
Aryzta has reiterated its guidance of double-digit underlying EPS growth as the Swiss food firm posted a 14.9% increase in revenues to EUR859.8m in its food business for the third quarter.
Aryzta has ended production at its baking facility in Export, Pennsylvania, in a move that sees 130 jobs axed.
The biggest story of the week came as it started - with the announcement of the proposed merger between banana giants Chiquita Brands International and Fyffes. Elsewhere, UK grocers Morrisons and The Co-operative Group grabbed the headlines - the former for its bid to revive sales and the latter for the resignation of its chief executive.
Switzerland-based bakery group Aryzta has set its sights on expansion in North America with the acquisition of two bakeries in the region - Pineridge Bakery in Canada and Cloverhill Bakery in the US.
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