Analysts ramp up pressure on Aryzta over Picard plans

Company bought a 49 per cent stake in Picard for €450 million last year

Barry J Whyte

Chief Feature Writer @whytebarry
9th October, 2016

Pressure is building on the Irish-Swiss food group Aryzta to abandon plans to acquire the remaining stake in a French frozen food supermarket chain.

The company, which owns the Cuisine de France brand, last year bought a 49 per cent stake in Picard for €450 million. It has the option to acquire the remaining shares in 2019. But Aryzta has struggled to return its core business to growth and, in the last number of months,...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing

The Daily Briefing