retail food group

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Gloria Jean’s, Donut King, Michel’s report boost in business


Gloria Jean’s stores are among those seeing the welcome return of customers with the easing of COVID-19 restrictions. Along with fellow Retail Food Group brands Michel’s and Donut King, Gloria Jean’s

Retail Food Group takes drastic measures


Retail Food Group is standing down or reducing working hours for most of the team as the multi-brand franchisor tackles the coronavirus crisis. The announcement to the ASX comes as

Retail Food Group sees first profits in 3 years


Donut King and Gloria Jeans owner Retail Food Group has turned a first-half profit for the first time since 2017 after creditors forgave a $72 million chunk of its debt.

Shareholders approve Retail Food Group recapitalisation plan


The Retail Food Group recapitalisation plans have been bolstered, with shareholders of the embattled franchisor on Tuesday voting to approve the restructure strategy. It comes after the Donut King, Gloria

RFG recapitalisation plan balloons to $190m


Just days after the beleaguered Donut King, Gloria Jeans and Michel’s Patisserie franchisor announced a $160m capital raising initiative, Retail Food Group (RFG) has doubled down on their plans. Initial

10c a share; $160m RFG capital raising plan revealed


Embattled franchisor Retail Food Group (RFG) has announced a $150m institutional placement in order to raise $150m in much-needed capital. The RFG capital raising strategy follows a series of announcements

Michel’s Patisserie franchisees take honours despite tough year


A tumultuous year for Retail Food Group (RFG) branded café chain Michel’s Patisserie hasn’t impacted New South Wales operators, Greg Stevens and Annie Li. The Toronto Michel’s Patisserie franchisees took

Retail Food Group looks ahead as profits fall


Retail Food Group reported underlying net profit of $15.4 million for the 2019 financial year – 53.7 per cent lower than the prior period’s figure of $33.3 million. RFG noted

RFG director resigns, takes on company consulting role


Embattled franchisor Retail Food Group’s (RFG) longest-serving director has resigned, just one week after reports raised conflict of interest concerns. In an ASX announcement posted on Thursday, the RFG director

RFG signs property firm to help franchisees


Multi-brand franchisor Retail Food Group has signed a deal with property leasing firm Business Development Company (BDC). The move signals intent to boost the levels of support available for franchisees