Bakery giant Aryzta got the market speculating over its next move when, just a week ago, it announced plans to sell shares in Ireland-based...
Switzerland-based bakery group Aryzta announced two acquisitions in North America yesterday (10 March) as it revealed sales in the region ca...
Retail majors Ahold and Tesco are preparing to announce first-quarter results, while bakery group Aryzta and US spreads firm JM Smucker look set to detail continued progress in growing profits over the past year. Meanwhile, we can expect free-from to take centre stage in two European trade shows and UK exporters will be discussing opportunities in CEE countries.
It's been a while coming but Switzerland-based bakery giant Aryzta has moved to boost its business with Europe's retailers - as consumers increasingly turn away from artisan bakers and to supermarkets for their bread and croissants.
Dutch food and ingredients group CSM announced plans to sell off its bakery business earlier this week. The speed of the decision to offload the division may have taken industry watchers by surprise but CSM has been giving off signals that it sees its future as a bio-based ingredients company for some time. Katy Askew takes a speculative look at the interest that the sale could generate.
Aryzta said today (26 September) that its move to buy UK wrap and naan bread maker Honeytop Speciality Foods will allow it to enter a growing category.
Aryzta has announced plans to only use cage-free eggs in products sold under a second US brand, La Brea Bakery.
Aryzta plans to use only cage-free eggs in its Otis Spunkmeyer bakery products in the US.
Aryzta has indicated its business in North America can improve its performance after the Switzerland-based bakery group posted a fall in half-year sales from that market.
Aryzta, the Switzerland-based bakery products supplier, has posted higher half-year sales and profits boosted by sales growth in Europe and favourable currency exchange.
Aryzta-owned US artisanal baker La Brea Bakery has said its range will be non-GMO verified by the end of the year.
Aryzta, the bakery group, has reported an increase in revenues for the first quarter of the year, as boosts from foreign exchange and M&A offset a fall in underlying sales.
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
Aryzta has announced the departure of Hilliard Lombard, the head of the bakery group's business in Europe and APAC.
Bakery group Aryzta booked a near 13% increase in full-year revenue this morning (28 September), as the contribution from acquired businesses and favourable currency exchange more than offset declining organic sales.
Bakery group Aryzta has confirmed that it will sell its remaining 29% stake in Origin Enterprises by the end of the month via a placing to institutional investors.
Otis Spunkmeyer, the US baked goods foodservice supplier, is to looking to expand its presence in the country's retail stores with the launch of a wider range next year.
Aryzta has snapped up Irish foodservice company La Rousse Foods for an undisclosed sum.
Aryzta, the Swiss bakery group, conceded its third-quarter performance was hit by "short-term weakness" today (2 June) when it reported a drop in underlying sales on declines in North America and weak consumer sentiment in Switzerland.
Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.
The week before Easter saw Aryzta surprise the market with news of its plan to buy 49% of French frozen food retailer Picard. M&A speculation surrounded Mondelez International, which was reported to be considering the sale of its rights to the cream cheese brand Philadelphia. Mondelez had a bad end to the week after being charged with manipulating wheat prices.
This week, bakery business Aryzta announced it was in talks to invest in French frozen food retailer Picard while the M&A rumour mill span with reports Mondelez International is considering selling its rights to the Philadelphia brand. Elsewhere, The Real Good Food Co. said it was exploring options for its under-performing sugar business Napier Brown.
Swiss food business Aryzta is in talks to buy 49% of French frozen food retailer Picard from private-equity group Lion Capital.
Swiss-based bakery company Aryzta plans to reduce its stake in agri-services company Origin Enterprises.
Bakery group Aryzta booked a jump in first-half sales and earnings this morning (16 March) but shares fell as the contribution from acquisitions lifted a weaker-than-expected organic performance.
Brazil-based food giant Marfrig announced the surprise resignation of CEO Sergio Rial this week after just a year in the position. Another chief executive is to go at UK retailer Morrisons, with its board believing its best chance to return to growth is without Dalton Philips.
Aryzta has put its flatbreads operations into a joint venture with UK-based Signature International Foods.
Aryzta first-quarter sales were up by 17.8% year-on-year thanks to the "strong" contribution from acquisitions and growth in Europe's retail sector.
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.
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