Food group shares plunge as watchdog says it misused funds, lied to franchisees

Queensland-based Retail Food Group has been accused by the competition watchdog of unconscionable conduct and making false and misleading representations over the profitability and viability of stores to its franchisees.

RFG says customer count rising but profits down, stores to close

Gold Coast-based Retail Food Group has forecast underlying earnings of $35 million this year, a fall of $15 million from 2019, as customer numbers start to show signs of improvement.

Brumbys

Food group shares plunge as watchdog says it misused funds, lied to franchisees

RFG says customer count rising but profits down, stores to close