Saturday September 19, 2020

Aryzta’s ‘Project Renew’ aims to save €200m

Cuisine de France parent firm will shutter six bakeries with a view to cutting €200 million in costs over next three years

Ian Guider

Markets Editor

@ianguider
2nd December, 2018
Aryzta chief executive Kevin Toland

Aryzta, the Irish-Swiss food giant, is to close six bakeries as part of its plans to save €200 million in costs over the next three years.

The company, best known in Ireland for its Cuisine de France food brand, said last week that as part of its cost-cutting plans, known as Project Renew, it was taking out four plants in North America and two plants in Europe.

“We haven’t called out for obvious reasons, as...

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