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Covid-19 food industry updates – Friday 31 July (free to read)

31 Jul 2020

just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.

Shareholder group accuses Aryzta of employing "delaying tactics" over EGM date

23 Jul 2020

A shareholder group agitating for change at Swiss-Irish bakery firm Aryzta has reacted after the date of the company's extraordinary general meeting (EGM) was pushed back.

Aryzta gets "unsolicited interest" from third parties as EGM timing announced

20 Jul 2020

Aryzta, the Swiss-Irish bakery firm in the middle of a strategic review, said it has received "unsolicited interest" in the business from third parties.

Aryzta investors press for more asset disposals to reduce debt pile

3 Jul 2020

The largest investor group in European bakery business Aryzta have outlined their proposals to turn around the struggling business ahead of an EGM in August.

Pressure mounts on Aryzta as shareholder group raises stake ahead of EGM

2 Jul 2020

A shareholder group pressing for strategic changes at Aryzta has increased its stake in the European bakery business.

Aryzta shareholders reportedly drop demands on CEO's board position

29 Jun 2020

An investor group calling for a board shake-up at Swiss-Irish bakery business Aryzta has reportedly dropped a demand for chief executive Kevin Toland to step down from the board.

Shareholder group pressing for change at Aryzta expands to three

27 May 2020

The shareholder group pressing for a more simplified business model at Swiss-Irish bakery business Aryzta has added another investor to its roster.

Aryzta agrees to shareholder request to hold EGM as third-quarter revenues slump

26 May 2020

Aryzta has agreed to a request from a shareholder group to hold an extraordinary general meeting as it reported a slump in revenues.

Aryzta shareholders press for board reshuffle

21 May 2020

A major shareholder group in Swiss-Irish bakery business Aryzta is calling for an extraordinary general meeting to "strengthen" the board of directors.

Is outright sale of Aryzta the ultimate solution to debt woes? - analysis

15 May 2020

European bakery business Aryzta is once again reassessing its business model after a difficult few years. Simon Harvey reviews its options.

Bakery business Aryzta hires Rothschild to review strategic options

14 May 2020

Aryzta said it has hired an investment bank to conduct a review of all the Swiss-Irish bakery group's "strategic and financial options".

Aryzta pressed again by investors to improve performance

13 May 2020

Swiss-Irish bakery business Aryzta has come under pressure again from investors to improve its performance.

Aryzta provides update on plant closures, capital spend amid Covid-19

4 May 2020

Aryzta has provided an update on the actions the Swiss-Irish bakery business has taken during the coronavirus crisis, including a pause in production at certain plants.

Coronavirus - Aryzta envisages "material impact" as conditions deteriorate

24 Mar 2020

Aryzta said it now expects a "material impact" on its business this year from coronavirus as market conditions deteriorate.

Aryzta aims to build "strong" North America business despite latest poor results

10 Mar 2020

Aryzta said its key priority is turning around its struggling North American business where the bakery company's volumes fell twice as fast as those in Europe.

Aryzta's struggles in North America persist as margin outlook revised

10 Mar 2020

Aryzta has revised its profit-margin outlook for the Swiss-Irish bakery firm's struggling North American division.

Aryzta makes senior appointments in North America

14 Jan 2020

Aryzta has made a number of executive changes within its struggling North America operations, including a new divisional chief executive.

Aryzta adds new frozen bread line to Ancaster bakery in Canada

6 Nov 2019

Aryzta has expanded production capacity at a frozen bread plant in Canada, a move the Swiss-Irish bakery business said would support its "long-term growth plans".

Delice de France splits from Aryzta in management buyout

28 Oct 2019

Delice de France, a UK-based foodservice operator, has split from European bakery business Aryzta in a management buyout.

Aryzta results show mileage still to cover - key takeaways

9 Oct 2019

A third of the way through a transformation exercise, Swiss-Irish baker Aryzta has made progress, but still needs to make up more ground. Simon Harvey looks at the key takeaways.

Aryzta finally offloads Picard asset but still left with minority stake

4 Oct 2019

European bakery group Aryzta has agreed to sell the majority of its stake in its French frozen food business.

Aryzta cuts outlook despite progress on turnaround

4 Jun 2019

European bakery giant Aryzta has cuts its earnings outlook as the business continues to face "challenges" in North America.

Aryzta mum on 'UK sale' talk

23 Apr 2019

Aryzta, the European bakery giant, has refused to be drawn on a report in the UK claiming the company is mulling the possible sale of a business unit in the country.

Aryzta invests in cookie dough production in North America

31 Jan 2019

European bakery group Aryzta is investing an undisclosed amount in an additional production line in North America. 

Aryzta will need "multi-year turnaround", chairman warns

14 Jan 2019

Gary McGann, chairman of Irish-Swiss bakery group Aryzta, has spoken about the extent of the company's problems when he took the role on.

Aryzta shareholders marginally vote in favour of cash plan

1 Nov 2018

Aryzta shareholders have marginally voted in favour of the struggling bakery group's capital-raising exercise at an annual general meeting held today (1 November).

Aryzta cash-raising plans backed by key advisory groups

22 Oct 2018

Aryzta has received the backing of three corporate guidance advisory groups for a plan to raise EUR800m to revitalise the loss-making business and cut debt.

Aryzta says Cobas financing proposal is "inadequate"

17 Oct 2018

Aryzta says an alternative capital-raising proposal presented this week from its largest shareholder is "inadequate". 

Aryzta's biggest shareholder pushes for EGM vote on financing proposal

15 Oct 2018

The largest investor in Aryzta is urging management to hold an extraordinary general meeting to vote on an alternative financing plan to restore the bakery giant to health.

Has Aryzta found right mix to grease recovery wheels?

4 Oct 2018

Despite another year of losses, Aryzta says it can return to growth after selling assets - with potentially more to come. But success hinges on a vote on a capital-raising plan.





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