Aryzta

Bell Food Group's Hilcona subsidiary has announced that it is to take over Aryzta's Switzerland-based sandwich business, on August 1. The transaction, the value of which has not been revealed, will see all employees and the production…

Elliott Advisors (UK) Ltd., an affiliate of Elliott Management Corp., on November 23 confirmed that it made an offer to acquire all of the outstanding shares of Schlieren, Switzerland-based Aryzta AG for CHF0.80 per share (88 cents per…

The company has appointed investment banks Houlihan Lokey and Alantra to advise on selling unwanted assets to allow it to simplify its business and concentrate on “core markets". The stage had been set for the company to focus on unit sales…

Urs Ernst Jordi was elected chairman of Aryzta AG at the completion of the company’s extraordinary general meeting (EGM) of shareholders on September 16. A total of 65.79% of shareholders voted for Jordi, compared with 34.04% who voted…

A sale of struggling European bakery Aryzta is said to be still an option to be considered, with US companies Flowers Foods and Hostess Brands reportedly among potential buyers. Along with Flowers and Hostess, Japan's Yamazaki Baking and…

Gary McGann, chairman of Aryzta AG, unveiled in a recent letter to shareholders that he plans to step down from his post after the company’s extraordinary general meeting set for September 16 unless, prior to the date of the meeting, Aryzta…

Aryzta is reopening baking plants across the world, but keeping costs under control “to the maximum extent possible” remains a key priority for the Swiss-based company, as shown in a revenue and liquidity update. Aryzta said it continues to…

Aryzta has announced a strategic review of the company as a result of another drop in its market valuation. The company behind Cuisine de France bread and doughnut maker Otis Spunkmeyer said it appointed financial advisory group Rothschild…

Baked goods manufacturer Aryzta has recently implemented a range of measures to reduce costs during the Covid-19 pandemic restrictions. The Swiss based group said it has halted production in three bakeries in Europe and five in north…

Aryzta closed its Austin, Texas, bakery — laying off the entire workforce of 95 people — on East Stassney Lane March 6, according to a WARN notice submitted to the state’s Workforce Commission. The letter states the closure is permanent. 

ARYZTA has appointed Chris Plüss as COO APMEA, commencing early June 2020. Plüss is currently ARYZTA’s regional managing director for Southern Europe (Switzerland, France, and Hungary).

Bakery specialist, Delice de France has officially demerged from Aryzta AG, via a management buyout led by managing director, Thierry Cacaly and his MBO team, writes Caterlyst. According to Cacaly, who was cited by the report, this move…

Swiss baking company Aryzta has announced that it has received a binding offer to sell 43% stakes in the French frozen food company, Picard. The offer, made by Invest Group Zouari, includes EUR156m for the stakes and EUR91m from Picard’s…