Armillary Newsletter - August 2025

Plenty rising in the oven...

In our August 2025 newsletter, we explore how the bakery sector across New Zealand and Australia has matured into a more complex, investable market. With consumer demand shifting toward healthier, premium and plant-based options.

We also share recent deals and advisory work, highlight the latest M&A Worldwide report on Business Process Outsourcing and introduce new faces to our team and board.

Read the full newsletter here

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