Cakes, cookies and capital: Aryzta’s €800m dilemma
Analysts and investors are asking tough questions about the company’s audacious plan
Honeymoons don’t come much more turbulent than this.
Kevin Toland hasn’t reached his first anniversary as chief executive of Swiss Irish baker Aryzta, and yet he’s seen a career’s worth of trouble. He’s seen three profit warnings issued, one of which came before he was even in the big chair; the company’s share price has lost more than a billion euro in market value, and his core business has been assailed by everything ...