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Full coverage: Food

Hozier and Lily O’Brien’s founder join Bono and The Edge in new €2.4m funding round for Wicklow Wolf Brewing

Having used up funding from A-list food industry investors and U2 members to build a state-of-the-art brewery, the craft drinks maker went back for more – and has just attracted new big names in the process.

Thomas Hubert
14th Apr, 2021 - 2 min read

Shrinking beer, raising funds, selling on: Ronan McGovern’s transatlantic start-up journey

Ten years ago, Dublin student Ronan McGovern left for MIT on a Fulbright scholarship. He has just returned to Ireland after selling his start-up to a leading engineering multinational.

Thomas Hubert
13th Apr, 2021 - 7 min read

Reversing time: Aryzta’s $850m North American sale has a taste of 2008

When the Swiss-Irish baking giant was formed 13 years ago, Urs Jordi missed out on the top job. By delivering on his promise to get out of the US, he seeks to get a clean slate – and turn back the clock.

Thomas Hubert
12th Mar, 2021 - 3 min read

“Food nationalism” and “a leg up from Brexit”: is Irish food gaining from Covid-19 and border friction?

The dual impact of the pandemic and Brexit has unleashed devastation across the domestic economy. One exception appears to be food manufacturing, where Irish brands could capitalise on changes in shopping habits into the future.

Thomas Hubert
11th Mar, 2021 - 5 min read

Deloitte reviews confectionary maker Broderick’s

After blocking an examinership of the business last December, the majority shareholder in Broderick’s is carrying out a review that could lead to the sale of some or all of it.

Tom Lyons
24th Feb, 2021 - 2 min read

Kerry offers reassurances on M&A strategy. It should do the same on disposals

As the food technology group recovers from Covid-19, its chief executive Edmond Scanlon answered a series of questions on the way it picks, conducts and reports acquisitions. The future of its dairy and consumer foods businesses is far less clear.

Thomas Hubert
17th Feb, 2021 - 6 min read

Fact-checked: The anonymously-authored PDF that wiped €2bn off Kerry Group

An unknown organisation with no other apparent resources than an internet connection caused a brief but significant share price drop on Thursday. What is behind its claims against Kerry’s acquisition strategy?

S. Keyes and T. Hubert
12th Feb, 2021 - 13 min read

Chairman of Broderick’s steps down as bidder circles food business

Experienced businessman Peter O’Donoghue steps down from Dublin confectionery maker to avoid a conflict of interest. It marks the latest twist in Broderick’s saga.

Tom Lyons
5th Feb, 2021 - 2 min read

Spin-off talks value Kerry Group’s dairy processing business at three times Glanbia’s. Is it worth it?

The historic Kerry Co-op is in advanced talks with the wider food group to regain control of its domestic agribusiness. The deal is a high-stakes bet for the farmers, and part of a final focus on high-tech ingredients for Kerry Group.

Thomas Hubert
22nd Jan, 2021 - 4 min read

Aryzta’s shareholders have endorsed their new board’s plan. So, what is it?

Aryzta’s new chairman and interim CEO Urs Jordi has resisted an offer by the US hedge fund Elliott to buy out the Swiss-Irish baking multinational, and his shareholders have just rewarded him with a 92% re-election vote. Here is what he plans to do next.

Thomas Hubert
16th Dec, 2020 - 5 min read
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