Aryzta
Lorcan Allen on 17 Mar 2021
Aryzta to sell its US bakery business for €715m as profits slump
Shares in Aryzta have rallied more than 7% in the last week after the bakery company announced the sales of its troubled US business.
Lorcan Allen on 12 Mar 2021
Aryzta to sell its US and Canadian bakery business for €710m
The owner of the Cuisine de France brand has announced the sale of its bakery businesses in the US and Canada.
Lorcan Allen on 19 Jan 2021
Aryzta to end listing on Dublin stock market
Termination of Aryzta’s Dublin listing further illustrates the swing in control towards Swiss investors.
Niall Hurson on 11 Jan 2021
Carroll Cuisine sold to UK private equity firm
In 2015, Carlyle Cardinal Ireland acquired Carroll Cuisine, completing a carve-out of the company from Aryzta AG.
Lorcan Allen on 06 Jan 2021
Activist investor Veraison sells circa €58m Aryzta shares after turbulent year
Swiss investment firm Veraison has doubled its money on its initial investment in Aryzta, the owner of the Cuisine de France brand.
Lorcan Allen on 30 Dec 2020
Irish agribusiness shares struggle in difficult year for investors
From Kerry Group to Greencore, Lorcan Allen analyses the performances of shares in Irish agribusinesses in one of the most volatile years on record.
Lorcan Allen on 18 Dec 2020
Aryzta unanimously rejects €735m takeover from Elliott
The Aryzta board also announced a new strategic plan for the company that aims to restore profit margins and sales growth by 2023.
Lorcan Allen on 16 Dec 2020
Analysis: Aryzta is in negative equity – now is not the time to sell
The current takeover offer on the table from Elliott would leave many Aryzta shareholders significantly out of pocket, writes Lorcan Allen.
Lorcan Allen on 09 Dec 2020
Elliott ramps up the pressure on Aryzta board with binding takeover offer
The AGM of Aryzta due to be held next week will be closely watched by many as it will decided the future direction of the company.
Lorcan Allen on 02 Dec 2020
Aryzta shareholders voice opposition to Elliott deal
Aryzta this week reported a 20% decline in first quarter sales for the three months to the end of October 2020.
Lorcan Allen on 25 Nov 2020
Elliott makes last gasp play to acquire Aryzta as Toland departs as CEO
The power struggle to control Swiss-Irish bakery company Aryzta continues to play out with private equity fund Elliott now looking to buy the company outright.
Lorcan Allen on 23 Nov 2020
Elliott makes €735m offer to buy Aryzta
US private equity group Elliott Advisors said it tabled a €735m takeover offer for Aryzta last week.
Lorcan Allen on 19 Nov 2020
Kevin Toland departs as Aryzta CEO with immediate effect
Aryzta has announced the departure of Kevin Toland as chief executive of the company after just three years at the helm.
Lorcan Allen on 11 Nov 2020
Aryzta to remove five directors in major shake-up
Aryzta will not be supporting the re-election of five of its current directors to the new board at the company’s upcoming AGM in December.
Lorcan Allen on 03 Nov 2020
Boardroom drama continues at Aryzta ahead of December AGM
Two of the largest shareholders in Aryzta have said they will vote against the election of four board members at the upcoming AGM.
Lorcan Allen on 28 Oct 2020
Aryzta plans asset sales as takeover talks end without a deal
The path is now clear for newly-elected Aryzta chair Urs Jordi to set in motion some much needed reform at the bakery giant, writes Lorcan Allen.
Lorcan Allen on 28 Sep 2020
Aryzta agrees covenant changes with its lenders
The owner of the Cuisine de France brand announced on Monday it has agreed new financial covenants with its main lenders.
Lorcan Allen on 16 Sep 2020
Rebel shareholders win the day as Toland is voted off Aryzta board
In a significant shake-up of Aryzta governance, Kevin Toland has been removed from the company board, but will continue in his role as CEO.
Lorcan Allen on 10 Sep 2020
Aryzta enters takeover talks with US investment firm
Aryzta has confirmed that it has entered advanced discussions with US investment fund Elliott Advisors around the sale of the company.
Lorcan Allen on 19 Aug 2020
Squabbling continues between Aryzta and shareholders
Aryzta has nominated its own candidate for the position of chair after it said its rebel shareholders had failed to put forward their nominees for evaluation.