Aryzta repays remaining €347m of debt-equity bonds
Swiss-Irish group has repaid €880m of hybrid bonds that were a key concern when it was the target of a boardroom coup
Swiss-Irish group has repaid €880m of hybrid bonds that were a key concern when it was the target of a boardroom coup
Lindt CEO and former Aryzta executive Michael Schai will replace interim boss Urs Jordi at Swiss-Irish baked goods group
The former executives with Cuisine de France parent are suing for ‘specific performance’, signalling they are seeking compensation to which they claim they are entitled
Company behind Cuisine de France sees earnings jump to €271.3m
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Swiss baker believes Irish-created multinational made the mistake of getting bogged down in financial engineering, not customer taste and product innovation
Cuisine de France owner warns that inflation will negatively affect its prices this year
Aryzta owns the Cuisine de France label in Ireland and supplies McDonald’s and Subway
Aryzta hails ‘simplified’ company structure as it battles a collapse in investor confidence
Swiss-Irish food group says it will now focus on delivering sequential quarterly growth
Swiss-Irish food posts 8.6 per cent decline in headline revenue as Covid hits sales
Urs Jordi took over after departure of Irish directors from the Swiss-Irish food group
Joe Brennan: Another pressing issue is €950 million of outstanding subordinated debt
Revolving financial arrangement underwritten by Credit Suisse, Rabobank and UBS
Deal worth $850m included La Brea, Otis Spunkmeyer and Fresh Start bakeries
Swiss-Irish food group is hit by Covid-19 lockdowns in Europe
Deal with US firm validates its decision to ‘remain independent’, bakery group says
Veraison has almost departed before the hard work it pushed for really begins
Swiss-Irish food group sells 4.6% stake in Picard for €24m
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Boardroom coup at Swiss-Irish group completed this week
Boardroom shake-up completed at annual general meeting on Tuesday
Cantillon: Company declines to offer shareholders a dial-in line to follow agm
Swiss-Irish food group held its agm behind closed doors in Switzerland
Company is being targeted for takeover by US hedge fund Elliott
Another twist in fight for control of Swiss--Irish food group
US hedge fund steps up pressure on Aryzta board to accept €734m offer for company
Lodbrok Capital says the food group is on path to restoring relationships with its stakeholders
But company says decline is in line with expectations
Cobas says US hedge fund’s bid for group significantly undervalues
News of approach came less than 24 hours after Kevin Toland quit as chief executive
Shareholders have been agitating for an overhaul of Swiss-Irish baked goods firm
Baked goods group’s troubled North American unit likely to be high on list for disposal
Airlines hit as lockdown fears back on radar but Ryanair outperforms its peers
Board set for further shake-up as shareholders target four directors
Cobas, Lodbrook propose not to re-elect four members to board of Swiss-Irish food group
Company says discussions with Elliott Advisors have concluded without binding offer
Baking company has been approached by almost 20 parties interested in business
Rebel investor group seeks ‘swift conclusion’ to Elliott bid
FTSE 100 ends lower as UK prime minister sets out more restrictions
Centre of power of beseiged Swiss-Irish bread-maker shifted from Dublin to Zurich
CEO Kevin Toland’s pay package falls more than 50% to €2 million
Newly-installed chairman opposes selling group at this point
Shareholders’ choice of Urs Jordi leaves the food giant’s sale to Elliott up in the air
Baked goods manufacturer is reportedly ready to exit US market
Investor advisory group ISS backs McGann replacement, criticises firm’s performance
Veraison-led group said it offered to submit board candidates for evaluation
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