News

The ACCC is taking court action against the owner of Michel’s Patisserie, Donut King and Gloria Jeans for misleading franchisees

The competition watchdog has taken court action against the owner of the Michel’s Patisserie, Donut King and Gloria Jeans chains alleging it misled franchisees into believing the stores they bought were viable businesses. The Australian Competition and Consumer Commission commenced proceedings in the Federal Court against Retail Food Group on […]
The ACCC is taking court action against the owner of Michel’s Patisserie, Donut King and Gloria Jeans for misleading franchisees
Markets

Shares in the parent company of Gloria Jean’s are on a tear

Shares in the Retail Food Group jumped after the operator of Brumby’s, Donut King, Crust Gourmet Pizzas, Michel’s Patisserie and Gloria Jean’s announced the appointment of a new CEO. A short time ago, the shares were up 9% to $0.84. A year ago they were trading at $5.30. The company […]
Shares in the parent company of Gloria Jean’s are on a tear
Markets

Retail Food Group’s shares are getting crushed

Shares in the Retail Food Group, the owner of Gloria Jean’s coffee shops, fell hard in early trade. At the close, the shares were down 26% to $3.25. At the weekend, a Fairfax Media investigation revealed hundreds of stores were going to the wall as “a result of a brutal […]
Retail Food Group’s shares are getting crushed
Markets

Shares in the owner of Gloria Jean’s are getting hosed

Shares in the Retail Food Group, owner of Gloria Jean’s coffee shops, Donut King and Michel’s Patisserie, fell hard after a cut to profit growth forecasts. A short time ago, the shares were down 9% to $4.62. The company says it now expects full year underlying profit growth to be […]
Shares in the owner of Gloria Jean’s are getting hosed