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Full coverage: Food

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

Hedging our food bets: Why the State should invest in the plant-based revolution threatening Ireland’s farming future

McDonald's is the latest food business to announce a plant-based alternative for next year. We don’t know yet if shifts in consumer demand away from meat and dairy are a temporary fad or deep-seated trends. Either way, a public stake in this emerging industry would help manage what the future holds for Irish farmers.

Jonathan Ruane
1st Dec, 2020 - 10 min read

Uncharted waters: Broderick’s contentious examinership battle nears the finish line

A minority family shareholder was accused in the High Court of going on a “wrecking mission” as Broderick's main stakeholder positioned itself as a steady hand on the tiller.

Francesca Comyn
26th Nov, 2020 - 6 min read

Outdoing the activist investors: Elliott’s weak offer is just the start of the battle for Aryzta

By unveiling a conditional €730m bid for the Irish-Swiss baked goods manufacturer, New York billionaire Paul Singer’s firm has triggered a chain of events that has already claimed its CEO. Three weeks from a crucial AGM, this is hardly the end of it.

Thomas Hubert
25th Nov, 2020 - 6 min read

“We wanted to go international”: healthy snacks brand takes on the world via Boyne Valley

The co-founders of Cali Cali reveal how they linked up with their new global distributor – and acquired a new investor in the bargain.

Tom Lyons
20th Nov, 2020 - 4 min read

Taking the “boomerang effect” online: Eamonn Quinn on retail’s accelerated digital transformation

From home delivery to temperature checks, Superquinn heir Eamonn Quinn has backed many food and retail companies. The chairman of Buymie and Kelsius talks about the future of the supermarket – and grants a peep into the Quinn family office.

Thomas Hubert
24th Sep, 2020 - 16 min read

“The worst point in time to sell the company”: Aryzta’s new chair halts McGann’s buy-out plan

All Irish board members have left the board of the frozen baked goods group following an EGM that saw dissident shareholders put an end to Gary McGann’s chairmanship of the company this Wednesday.

Thomas Hubert
16th Sep, 2020 - 3 min read

Endgame? The inside story of Aryzta and the “world’s most feared investor”

The Swiss-Irish baked goods multinational is now in takeover negotiations with Elliott Management, a $41 billion New York investment firm. How does this play into today's EGM called by disgruntled shareholders, where Chairman Gary McGann's chosen successor has just withdrawn his candidacy?

Thomas Hubert
16th Sep, 2020 - 10 min read

Growing sales by 20% during lockdown: “There is a consumer for whom food has become a topic of conversation”

Dairy food manufacturer Glenisk is expanding to double production. From a site with no electricity, Vincent Cleary has grown the family business to the forefront of Ireland’s organic industry – despite the disdain he says he has faced from official Ireland.

Ruth O'Connor
4th Sep, 2020 - 7 min read
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