Friday September 18, 2020

Troubled food giant Aryzta grapples with investor trust

Investors’ unease has been building for some time

Barry J Whyte

Chief Feature Writer

@whytebarry

Ian Guider

Markets Editor

@ianguider
5th June, 2016
4
Owen Killian, chief executive of Aryzta Picture: Tony OShea

It has been a sour couple of years for the once mighty food company Aryzta. Formed through the merger of IAWS - the owner of Cuisine de France - and Switzerland’s Hiestand in 2008, it created a food industry giant that now employs almost 19,000 people.

But Aryzta has been beaten up badly by investors - its shares are down 20 per cent since January. A string of disappointing earnings announcements coupled with the unexpected...

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