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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. Initially aiming to raise $150m from a fully underwritten…
Retail Food Group director Jessica Buchanan has resigned from her position in order to transition to an operational consulting role. The move, announced in a statement to the ASX on Thursday, will enable Buchanan to execute some of the strategic initiatives…
Retail Food Group on Tuesday said sale talks with a potential buyer of its Donut King, Pizza Capers and Crust businesses have ended in disappointment, following months of negotiations. The deal fell through after the two parties failed to reach a formal…
Retail Food Group remains in danger of collapse as it tests the nerve of its financiers. The multi-brand franchisor has racked up losses of more than half a billion dollars in the past 18 months; its market capitalisation has fallen below $50 million, with…
Shares in Retail Food Group have continued to plummet for a second day after a damaging profit warning from the embattled owner of the Gloria Jean’s, Michel’s Patisserie and Donut King brands. RFG shares fell 17.9 per cent to $1.625 on Wednesday – their…
Australia-based coffee retail chain Gloria Jean’s is planning to open more outlets in Myanmar through its local franchisee Seezar Soesan. It already has two branches in Yangon, one in Myanmar Plaza, which opened in January, and the other in Yangon’s new…
