Aryzta Reports Sales Growth Despite Downturn

Switzerland-based bakery group Aryzta has reported underlying revenue growth of 6.7% at its food division for the six months to January 31 2008. The company, which was formed through the merger of Ireland-based IAWS and Switzerland-based Hiestand, in August 2008 reported strong sales growth in the US, but revealed that sales in Europe had been hit by the economic

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