Retail Food Group shares fall - again

January 09, 2018

Gloria Jean's owner Retail Food Group has lowered its first-half profit guidance

Retail Food Group's already struggling shares have fallen another six per cent in early trade after the cafe and bakery owner issued its second profit warning in less than a month.

The Gloria Jean's, Donut King and Brumby's Bakery owner says first-half net profit is now expected to be even lower than the $22 million it predicted on December 19.

RFG's shares have fallen almost 50 per cent since media reports in November accused the company of oppressive business practices, including exorbitant fees and a lack of support for franchisees.

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