News | Latest Breaking News Stories & Headlines

Aryzta CEO Kevin Toland accused of 'not engaging with shareholders'

Aryzta row deepens over €800m capital hike

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

Business • 24 Oct 18

Aryzta row with top investor deepens

Aryzta's row with its largest shareholder, Cobas Asset Management, has deepened, with the investor accusing the company of painting "an unduly grim picture" of its financial situation to ram through a disputed capital hike.

Business • 23 Oct 18

Baked goods group Aryzta has proposed plans for an €800m capital increase

Proxy advisors back Aryzta's plan for capital increase

Proxy adviser Glass Lewis had recommended supporting baking group Aryzta's plan for an €800m capital increase, it said today.

Business • 19 Oct 18

Aryzta dismisses proposal for smaller capital increase

Baked goods group Aryzta is standing by its plan to raise €800m in new equity to meet its liquidity and financing needs.

Business • 17 Oct 18

Cobas Asset Management has called for an EGM to discuss what it called a better funding plan for Aryzta

Aryzta shareholder Cobas demands halving capital hike

Aryzta's biggest shareholder, Cobas Asset Management, has today called for an extraordinary general meeting to discuss what it called a better funding plan for the Swiss-Irish baker.

Business • 15 Oct 18

Aryzta urges shareholders to back €800m capital hike

Aryzta's board has called on its shareholders to support its plan to raise €800m in new capital at the baker's upcoming AGM - where it could run into opposition from its biggest shareholder.

Business • 11 Oct 18

Aryzta's shares are down by two-thirds this year and more than 85% since 2014

Aryzta shareholder opposes €800m capital increase

Cuisine de France owner Aryzta's plan to raise €800m in new capital is excessive, the company's biggest shareholder said today, adding it would present less-dilutive alternatives soon.

Business • 01 Oct 18

Aryzta CEO Kevin Toland is hoping to unload at least €450m in assets

Aryzta strikes deal with banks ahead of capital hike

One of the world's largest bakery companies, Aryzta, has agreed an underwriting deal with five banks, setting the stage for raising €800m in new capital to strengthen its balance sheet.

Business • 11 Sep 18

Aryzta Chief Executive Kevin Toland said the new capital will provide the company with the means to continue to take the necessary steps to re-position the business

Aryzta seeks to raise €800m to ease debt burden

The company behind the Cuisine de France range, Aryzta, is to issue new shares to raise €800m in fresh capital.

Business • 13 Aug 18

Aryzta's chief executive Kevin Toland announces a three year €200m restructuring and cost reduction plan

Aryzta profit warning dents recovery hopes, shares drop

Speciality baker Aryzta today reduced its profit outlook after the recovery plans of its new-look management team were dented by renewed weakness in Europe, its biggest market.

Business • 24 May 18

More management changes at Aryzta announced

Aryzta's Europe boss stepping down

Swiss-Irish baked goods maker Aryzta has said that Dermot Murphy is stepping down as its Europe CEO.

Business • 19 Apr 18

Swiss Irish baked goods group Aryzta has reported a half yearly pre-tax loss of €231.8m

Aryzta's H1 revenues down over 6% as losses widen

Swiss Irish baked goods group Aryzta has reported a pre-tax loss of €231.8m for the six months to the end of January.

Business • 12 Mar 18

A sign outside Aryzta's Cloverhill Bakery in the US which lost a third of its workforce due to a problem with undocumented workers

Aryzta sells Cloverhill facilities in the US

Shares in Swiss Irish baked goods group Aryzta rose this afternoon after it announced that it will sell its Cloverhill facilities in Chicago and Cicero.

Business • 01 Feb 18

Aryzta shares slump as it cuts its earnings forecast

Swiss-Irish baked goods maker Aryzta today sharply cut its 2018 core profit forecast due to ongoing weakness in European and US markets, knocking its shares by as much as 22%.

Business • 25 Jan 18

Aryzta names new North America and strategy chiefs

Aryzta seeks to correct US operations with new hires

Swiss-Irish bakery company Aryzta has named new North America and strategy chiefs as it tackles problems in the US.

Business • 12 Jan 18

Aryzta's quarterly revenues down 5.5% on US problems

Swiss-Irish baked goods group Aryzta has reported a 5.5% drop in revenue to €909.7m for the three months to the end of October driven by continuing problems in the US.

Business • 27 Nov 17

Baked goods group Aryzta due to hold its AGM in December

Steinemann will not stand for election at Aryzta AGM

Juergen Steinemann will now not join the board of Aryzta, according to the Irish-Swiss food group.

Business • 10 Nov 17

Kevin Toland took up the CEO job at the baked goods group earlier this month

Aryzta's full year revenues down on US weakness

Irish-Swiss food company Aryzta is shifting its focus back to just supplying businesses and ditching its foray into retailing after reporting a record billion dollar annual loss.

Business • 26 Sep 17

The former DAA head was announced as the company's new chief executive in May

Kevin Toland to begin Aryzta CEO role next month

Irish-Swiss food group Aryzta has said Kevin Toland will begin his role as CEO with the company on 12 September.

Business • 28 Aug 17

Aryzta owns 49% of French frozen baked goods retailer Picard

Zero growth for Aryzta in third quarter

Swiss/Irish baked goods group Aryzta reported 2.7% growth in revenue to €975m for the three months to the end of April.

Business • 30 May 17

Kevin Toland, 51, has been head of DAA with since 2013

Aryzta appoints DAA head Kevin Toland as new CEO

Baked goods group Aryzta has appointed Dublin Airport Authority Chief Executive Kevin Toland as its new CEO.

Business • 18 May 17

Aryzta has not confirmed or denied moves to sell its stake in France's Picard Group

Aryzta 'notes' recent share price movements

Swiss based and Dublin listed food group Aryzta has issued a statement responding to recent share price movements and speculation around its 49% stake in the French food group, Picard.

Business • 08 May 17

Owen Killian has stepped down from the top job at Aryzta from today

Aryzta's CEO Killian leaves the company today

Baked goods group Aryzta said its chief executive Owen Killian has stepped down from the role from today.

Business • 31 Mar 17

Aryzta said today its CEO Owen Killian would leave the company at the end of March, earlier than initially planned

Aryzta's half yearly earnings sink by 31%

Aryzta has announced a sharp drop in earnings in the six months to the end of January as it continued to deal with the reorientation of its North American business and a major investment programme in Europe.

Business • 13 Mar 17

Aryzta CEO Owen Killian is to step down later this year after profit warnings

Aryzta shares soar as CEO Killian set to step down

Shares in baked goods group Aryzta closed 11.3% higher in Dublin trade today after its chief executive Owen Killian announced his resignation from the role.

Business • 14 Feb 17