RFG requests ASX trading halt
The Retail Food Group has entered into an Australian Securities Exchange trading halt.
The food company was not ready to release its first half 2018 financial year results by the required deadline and so has instead halted trade on the ASX.
It is understood RFG was not able to make the deadline as it faced delays in having its accounts audited.
RFG can start trading on the ASX again Thursday 1 March 2018 if it lodges its results.
The trading halt comes after a tough few months for RFG after a media investigation claimed RFG was not sufficiently supporting its franchise partners.
The media report made a number of claims including that RFG franchise partners have felt forced to sell their stores at large discounts and have been underpaying employees to help make ends meet.
RFG holds franchising rights to a number of quick service food providers in Australia including Gloria Jean’s Coffee, Donut King, Pizza Capers and Crust Pizza.
- Possible class action ahead for Retail Food Group
- Retail Food Group downgrades profit guidance again
- Retail Food Group profits to be hit by negative attention
- Retail Food Group defends itself against allegations
Blackmores and Bega Cheese have reported early success with a business partnership selling infant fo...
Australian Organic - the leading organic industry body in the country – is today officially releasi...
Kaufland is expected to set up its first Australian store in Adelaide, purchasing property on the ou...
Nestle has debuted its first chocolate bar to use its new sugar reduction technology.
New Roy Morgan research provides some explanation for the financial difficulties of Eagle Boys Pizza...
The man behind a campaign to promote Sumo Citrus has won “2015 Marketer of the Year”.
The winners of the 2017 South Australian Food Industry Awards have been announced.
OMG the rise and rise of whisky in Australia continues and the possibilities are seemingly endless.