Bourse Discourse: AVG, RFG, EHL
News snippets were released during Thursday's ASX trading session from three companies at the smaller end of the local industrials sector.
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Retail Food Group Limited
Retail Food Group (RFG) is a global food and beverage company headquartered in Queensland, Australia. RFG is Australia’s largest multi-brand retail food and beverage franchise owner which also roasts and supplies high-quality coffee products.
The brands interact with over 17 million Australians every year and have recorded more than 70 million customer transactions in the last year alone.
RFG’s core focus lies with supporting its franchise partners to be more successful and to achieve greater profitability.
The commercial operations of RFG are underpinned by a Procurement team, warehouse and foodservice distribution operations, and is supported by Hudson Pacific, Associated Foodservice and one of Australia’s largest independent cheese processing businesses, Dairy Country.
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News
Competition Watchdog Takes Aim At Retail Food Group
Shares in Retail Food Group, operator of a number of food franchises in shopping malls and other locations around the country, fell nearly 8% on Tuesday after the competition regulator, the ACCC launched long-awaited legal action against the group.
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Virus Damage: Michael Hill Closes, Woolies Postpones Drinks Demerger, Retail Food Drops Guidance
Jewelry chain, Michael Hill has become the first major Australian retailer to close its doors in light of the coronavirus pandemic, meaning the jobs of thousands of workers are at risk. Meanwhile, Woolworths has postponed its drinks demerger, Retail Food Group has dropped its guidance as has Shaver Shop.
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JB Hi-Fi, Reject Shop Enjoy Temporary Sales Surge
A fool's paradise? More reports of strong sales growth from major retailers and yet investors ignored that and sold off shares yesterday’s big slump.
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Retail Food Group Unveils Rescue Package
A last throw by embattled Retail Food Group (RFG) - it wants to raise a total of $160 million mostly through a huge expansion in the number of shares on issue that will, in turn, dilute existing shareholders if they do not participate.
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Retail Food Defends “Debt Reduction” Disclosure
Retail Food Group shares fell yesterday after the company attempted to defend how it disclosed a $160 million recapitalisation proposal from a Hong Kong backed investment group.
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Regulators Dig Into Retail Food Rally
Regulators are looking into trading in the shares of broken fast food franchisor, Retail Food Group following a day of almost high farce.
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NAB Survey: Business Confidence Unwinds In June
The mini-rally in shares in troubled franchise operator, Retail Food Group’s ended yesterday after a two-day surge that saw them jump 60%.
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Franchise Inquiry Hammers “High Risk” Retail Food Group
Shares in Retail Food Group (RFG), the stricken listed franchising group lost more value yesterday after it emerged as the prime target in the final report of a lengthy Federal parliamentary inquiry into franchising.
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Board Renewal At Troubled Retail Food Group
A cleanout on the board of besieged fast-food franchisor Retail Food Group as its chairman resigned and the company found two new directors.
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