Troubled Swiss-Irish food group Aryzta says it saw further improvement in the revenue trend of its business last month as economics around the world begin to re-open. The company expects organic revenue growth to be down around 18pc for the month to July 25, according to a trading update. This is an improvement on the 23pc decline in revenue growth in June, and substantially better than the 49pc fall in organic revenue growth recorded in April. In Europe only one Aryzta bakery is still fully paused compared to three at the end of April. Last month it was reported that Canadian bakery giant George Weston was exploring a potential deal to buy Aryzta.

Source: Irish Independent August 11, 2020 06:33 UTC