The chairman of Irish-Swiss foods firm Aryzta has said he is unsure he would have taken on the job if he had realised the challenges facing the troubled business.
Thu, 10 Jan, 2019
Aryzta shares have surged nearly 10% on the back of the Cuisine de France owner reporting revenues of €862.3m for the first quarter of its financial year.
Tue, 27 Nov, 2018
Shares in Cuisine de France owner Aryzta plunged by nearly 17% — wiping around €120m off the company’s value — after its AGM saw investors narrowly approve the food group’s funding plans and give only moderate backing to the company’s management.
Fri, 02 Nov, 2018
Aryzta shares have fallen more than 4.4% as a row over the size of the Cuisine de France-owner’s planned capital raise next month deepened.
Wed, 24 Oct, 2018
Musgrave is ‘open’ to increasing the number of Donnybrook Fair stores but has stopped short of saying whether it wants to expand its newest subsidiary brand outside the greater Dublin area.
Sat, 22 Sep, 2018
Cuisine de France bakery owner Aryzta has agreed on an underwriting deal with five banks, setting the stage for raising €800m in new capital to strengthen its balance sheet.
Wed, 12 Sep, 2018
Shares in Cuisine de France owner Aryzta have plunged up to 21% after it issued a profit warning, saying full-year earnings will likely fall by around 20%.
Fri, 26 Jan, 2018
Wed, 06 Dec, 2017
Cuisine de France owner Aryzta is to refocus its attention on its business-to-business frozen bakery and European food solutions divisions as challenges at its North American arm continue to eat into group earnings.
Tue, 26 Sep, 2017
Troubled baked goods group Aryzta has hired Kevin Toland from the Dublin Airport Authority (DAA) to be its new chief executive.
Fri, 19 May, 2017
Shares in Cuisine de France owner Aryzta fell by over 4% yesterday after the company tempered speculation it was closing in on a sale of its controversial 49% stake in French high-end food retailer Picard.
Tue, 09 May, 2017
Shares in Aryzta fell more than 7% at one stage yesterday before sharply paring losses, as the troubled Irish-Swiss baked goods company said it plans to accelerate its management shake-up.
Tue, 14 Mar, 2017
Shares in Cuisine de France owner Aryzta jumped by almost 12% yesterday on the back of the troubled group launching a recovery bid which will see founder and chief executive Owen Killian leave the company and its investment strategy reviewed.
Wed, 15 Feb, 2017
January has seen a number of large public companies issue profit warnings, something which is set to become commonplace, writes.
Mon, 30 Jan, 2017
Cuisine de France owner Aryzta saw its share price dip yesterday despite it successfully launching its debt restructuring round at an attractive yield.
Wed, 14 Dec, 2016
Shares in Cuisine de France owner Aryzta slid nearly 7% yesterday after the company reneged on assurances it wouldn’t incur any restructuring costs this year and said around 2% of its global workforce may be cut as part of ongoing cost-cutting initiatives.
Wed, 01 Jun, 2016
Shares in Cuisine de France owner, Aryzta fell by almost 10% yesterday — making it one of the day’s worst performing European stocks — after the group forecast “erratic” revenue performance for the next 18 months.
Tue, 15 Mar, 2016
Tue, 01 Dec, 2015
Management at Aryzta has pledged to focus on recovering the food group’s underlying growth potential, on the back of a disappointing set of annual results where recent acquisitions provided the only real high point.
Tue, 29 Sep, 2015
Agri-services group Origin Enterprises has been touted as a potential takeover target, within the analyst community. There is speculation that former majority shareholder Aryzta may further reduce its stake in the business.
Thu, 24 Sep, 2015
Tue, 17 Mar, 2015
Contributions from recent acquisitions have continued to drive growth at Irish-Swiss baked food group, Aryzta into its current financial year.
Wed, 03 Dec, 2014
Irish-Swiss baked goods producer, Aryzta has strengthened its presence in Scandinavia, via the acquisition of Danish firm, Mette Munk for an estimated €50m.
Thu, 26 Jun, 2014
IT’S good to welcome newcomers to this year’s collection of mince pie makers.
Sun, 15 Dec, 2013
Irish-Swiss bakery giant Aryzta is set to further expand its US operations by acquiring flatbread specialist Pitapan in what is widely being viewed as a modest bolt-on buy.
Wed, 23 Oct, 2013
The makers of the Cuisine de France brand of breads and cakes, Aryzta, saw its shares surge yesterday after the company out-performed analysts’ expectations.
Tue, 01 Oct, 2013
Fri, 19 Jul, 2013
I was on a different continent when Ireland missed a host of chances before Thierry Henry handled in Paris.
Mon, 08 Jul, 2013
Irish-Swiss bakery group Aryzta has described as satisfactory a first quarter performance which saw revenue growth of 9%, to just under €1.1bn.
Tue, 04 Dec, 2012
A Dublin businessman has today lost a legal challenge to a finding by a Revenue official that he and his wife engaged in a tax avoidance scheme.
Tue, 27 Nov, 2012
IT’S apple season, which means the best of vitamins and minerals are falling from the trees.
Sun, 16 Sep, 2012
This week’s revelation that Aryzta boss Owen Killian was paid a whopping €7m failed to spark an outcry, due in part to the deliberate low-profile enjoyed by the Roscommon man and the Swiss-Irish firm he heads, says Kyran Fitzgerald.
Sat, 08 Oct, 2011
THE international speciality baking group Aryzta has been sustained by strong sales in the first nine months of the year that were backed by earlier acquisitions.
Wed, 08 Jun, 2011
ARYZTA, the food group formed from the 2008 merger of Dublin-based IAWS Plc and Swiss bakery group Heistand, has reported a solid rise in sales of 36% in the first half to €1.89 billion.
Tue, 15 Mar, 2011
A businessman who saved up to 70 jobs by buying back his family bakery has called on people to support local produce.
Tue, 22 Feb, 2011
Efforts are underway today to save as many jobs as possible at Gallagher's Bakery in Ardara, in Co Donegal.
Thu, 27 Jan, 2011
A SMALL Donegal town has suffered a devastating blow after a bakery last night blamed rising costs and a drop in sales for the loss of at least 124 jobs.
Thu, 27 Jan, 2011
There are fears for almost 200 jobs at a bakery in Donegal.
Wed, 26 Jan, 2011
THE food and drinks sector continues to provide solid evidence that this economy still has something to build on for the future.
Wed, 01 Dec, 2010
SPECIALITY bakery group Aryzta’s first-quarter results to the end of October 2010 show strong revenue growth boosted by recent acquisitions.
Tue, 30 Nov, 2010
FOOD group Aryzta, formed out of IAWS and Swiss bakery group Hiestand, has reported flat earnings for the first half of the current year.
Tue, 16 Mar, 2010
Cuisine de France owner Aryzta AG today reported pre tax profits of €218m at its food division for the year ended July, 2008.
Mon, 28 Sep, 2009
THE Competition Authority has confirmed that retailers are pressuring suppliers – including the top Irish food firms – for better deals.
Thu, 02 Jul, 2009