Cuisine de France owner Aryzta has hired Rothschild to advise it in a move that suggest no option including a sale or radical restructuring is off the table. In a stock market announcement the Swiss Irish company said the investment bank had been appointed in April for a review that will run until the end of July. The review is expected to be concluded by the end of July 2020,” the company said. Aryzta had acquired the stake in 2015 for €446m. The board’s response, that Rothschild is already in situ as advisor suggests even more sweeping action could be in train.

Source: Irish Independent May 13, 2020 21:00 UTC