Aryzta

Aryzta’s row with its largest shareholder, Cobas Asset Management, deepened as the investor said the Swiss-Irish baking company was painting “an unduly grim picture” of its financial situation to ram through a disputed capital hike.

Swiss-Irish baker Aryzta stood by its plan to raise EUR800m (USD926m) in new equity to meet its liquidity and financing needs. The company, which produces buns for McDonald’s, criticized a proposal by its biggest shareholder, Cobas...

Aryzta intends to raise up to EUR800m of equity capital to strengthen its capital structure, following a comprehensive review of its capital structure, the company announced in an update on its strategic, operational and financial…

Swiss-Irish baked goods company Aryzta said that Rhona O’Brien would join the company as general counsel and company secretary from September 11. O’Brien will also join the group’s executive committee.

Aryzta announces the appointment of Gregory Sklikas as CEO Europe as a successor to Dermot Murphy, who has decided to step down from his position. Sklikas will join Aryzta at the end of May 2018, with Murphy providing mentoring and support…

Aryzta is being sued in the United States by kiosk-maker Groom Construction, which claims the Swiss-Irish firm intended to buy hundreds of units from the Massachusetts company as it planned to roll out 2,500 in-store bakeries under its…

In addition to the sale of the Cicero facility, Aryzta said it has agreed to sell its Cloverhill facility in Chicago to Hostess Brands, Inc. Cloverhill makes Danish pastries, cinnamon rolls, crumb cakes, donuts and honey buns, primarily…

Aryzta, one of the world’s largest bakery companies which makes hamburger buns for McDonald’s, blamed “Brexit-related pressures” as it warned that its profits will fall 15% in its financial year. “European underperformance is estimated to…