RFG totters on the brink – Article on Inside Retail Australia 11 Mar 2019

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 its share price dropping to 25¢ last week on the Australian Securities Exchange.

Don Gilbert commented: This is regrettable ……………….. I guarantee you that like other Australian retailers this organisation failed to manage its fixed costs properly ……………. aka their leases.

RFG totters on the brink