The chief executive of beleaguered
franchisor Retail Food Group insists the company's Australian franchise network will be sustainable over the long term, after it announced it will shut as many as 200 stores.
Struggling food
franchisor Retail Food Group may have to close more than 400 stores over the next two to three years and pull back on new store openings, according to a report by UBS.
Shares in food and coffee
franchisor Retail Food Group fell 10 per cent after the company trimmed profit growth forecasts and flagged writedowns that will slice bottom - line profits by about 16 per cent.
Shares in food and coffee
franchisor Retail Food Group fell 10 per cent after the company trimmed profit growth forecasts and flagged writedowns.
Not exact matches
Investors in
Retail Food Group are bracing for more bad news when the troubled food and coffee franchisor finally releases its December - half resu
Food Group are bracing for more bad news when the troubled
food and coffee franchisor finally releases its December - half resu
food and coffee
franchisor finally releases its December - half results.
Investors in
Retail Food Group are bracing for more bad news when the troubled food and coffee franchisor finally releases its interim profit resu
Food Group are bracing for more bad news when the troubled
food and coffee franchisor finally releases its interim profit resu
food and coffee
franchisor finally releases its interim profit results.
Domino's shares fell 7 per cent during trade on Tuesday, which Morgan Stanley's
retail analyst Tom Kierath said was related to the wave of selling surrounding another prominent Queensland franchisor, Retail Food
retail analyst Tom Kierath said was related to the wave of selling surrounding another prominent Queensland
franchisor,
Retail Food
Retail Food Group.