News for the baking industry
Los Angeles / CA. (cpk) California Pizza Kitchen (CPK) announced that it has successfully completed its financial restructuring process and emerged from Chapter 11, well positioned for long-term growth. As part of its financial restructuring, CPK completed a debt-for-equity transaction…
Zurich / CH. (aag) Swiss-Irish Aryzta AG has issued its Invitation for its 2020 Annual General Meeting (AGM) to be held on 15 December 2020 in Schlieren, Switzerland. Based on Article 27 of the Ordinance 3 issued by the Swiss Federal Council on measures to combat the coronavirus of…
Zurich / CH. (aag) The Board of Swiss-Irish Aryzta AG announces the appointment of Marcus Opitz as Chief Restructuring Officer with responsibility for the disposal strategy and Armin Bieri as Chief Transformation Officer to lead the strategic reorientation of the core markets and businesses.
Dublin / IE. (gg) Greencore Group PLC, a leading manufacturer of convenience food in the UK, issues its results for the year ended 25 September 2020. Financial Highlights Group Revenue of GBP 1,264.7 million, a reduction of 12.5 percent impacted by effect of Covid-19 on food to go…
Berlin / DE. (hf) US subsidiaries of HelloFresh SE have entered into an agreement to acquire all of the outstanding equity interests of Factor75 Inc. (including its subsidiaries «Factor»). HelloFresh is the leading provider of meal kits in the world and in the US. Factor is a leading provider of…
Zurich / CH. (aag) Swiss-Irish Aryzta AG notes the statement made by Elliott Advisors (UK) Limited on 23 November. Aryzta confirms that it has received a non-binding letter from Elliott in which they proposed making an offer at CHF 0.80 per share, subject to certain conditions, some of which…
Parsippany / NJ. (fg) Ferrero USA Inc., part of the global confectionery company Ferrero Group, announced plans to build a new chocolate manufacturing center in Bloomington, Illinois. It will be Ferrero’s first chocolate production plant in North America. The new manufacturing center…
St. Louis / MO. (pfh) Post Holdings Inc., a consumer packaged goods holding company, reported results for the fourth fiscal quarter and fiscal year ended September 30, 2020.Highlights: Fourth quarter net sales of USD 1.4 billion; operating profit of USD 178.9 million; net earnings of…
McLean / VA. (mffm) Messe Frankfurt Inc. (MFI) and the Food Processing Suppliers Association (FPSA) are pleased to announce that they have entered into a joint venture to align their resources in order to create and to coproduce Process Expo, the nation’s largest horizontal trade show for the…
Zurich / CH. (aag) Swiss-Irish Aryzta AG announced on November 19 that Kevin Toland ceased his role as Cief Executive Officer effective immediately. The Board appoints Urs Jordi, Chair of the Board, as interim CEO pending the recruitment of a permanent CEO. Luisa Delgado, member of…
