Aryzta is an international bakery company operating in the Americas, Europe, Asia, Australia and New Zealand. Founded in 2008 through the merger of Ireland’s IAWS and Swiss group Hiestand, Aryzta is a public company, listed on the Irish and Swiss stock exchanges as YZA and ARYN respectively. The head office for Aryzta is located in Zurich, Switzerland.
The pressure on Aryzta has grown this week after the Switzerland-based bakery giant issued a surprise profit warning, sending its shares tum...
Aryzta, the Switzerland-based bakery products supplier, this week reported a drop in annual profits, although it managed to eke out some gro...
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 agribusiness Origin Enterprises. But what has been the reaction to its planned investment in French frozen food retailer Picard?
Switzerland-based bakery group Aryzta announced two acquisitions in North America yesterday (10 March) as it revealed sales in the region came under pressure during the first half of the year. The acquisitions bring Aryzta a number of benefits - not least rebalancing the group's channel mix in the region. Katy Askew reports.
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.
Switzerland-based bakery group Aryzta announced the resignation of its CEO and CFO, as well as the head of its business in the Americas, amid a strategic review that could see it sell its stake in French frozen food retailer Picard.
Aryzta today (24 January) warned the underlying earnings for its current financial year were "tracking around 20%" down on the previous 12 months, with the bakery products supplier pointing to challenges in North America and the impact of Brexit.
Aryzta has said buying French frozen food retailer Picard remains important to its plans but the Switzerland-based bakery group has insisted whether it decides to turn into its minority stake into full ownership is subject to a series of metrics.
Swiss bakery group Aryzta today (26 September) revealed a decrease in annual profits during fiscal 2015/16.
Bakery group Aryzta has proposed the appointment Gary McGann as its chairman, replacing Denis Lucey who is retiring.
Aryzta has said talks are continuing about the future of its Immekath production plant in northern Germany, operated by subsidiary Fricopan, but the Swiss bakery group said it could not comment on reports the factory is set to be closed by the end of August.
Aryzta, the Switzerland-based bakery group, missed analyst expectations for organic growth in its third quarter but nevertheless confirmed its forecast for full-year earnings.
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.
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