Retail Food Group chairman is retiring after five years with the company.
The interest in franchising continues to grow, according to the latest figures from the Retail Food Group.
Retail Food group will introduce drive-thru facilities for some of its outlets.
Economic uncertainty is driving an increasing interest in franchises, according to new research.
The company has increased its finance arrangements with National Australia Bank from $95 million to $135 million as it continues to watch for more acquisition opportunities.
Retail Food Group, which already owns Donut King, Michel's Patisserie and Brumby’s Bakeries, has added another brand to its portfolio.
The company, which is responsible for brands like Donut King, Michel’s Patisserie and Brumby’s Bakeries, announced a 5.7 per cent increase in core NPAT to $27.9 million.
Retail Food Group has withdrawn its bid between its wholly owned subsidiary, Systems Franchisor, and Oaks Hotels & Resorts. The company initially put forward an offer to Oaks for consideration.
Owner of retailers including Donut King and Michel’s Patisserie, RFG has made an off-market takeover offer to buy Oaks Hotels & Resorts
Retail Food Group said increased revenue generated from franchising options underpinned the company’s fifth consecutive record first half net profit after tax.
The company said eight out of 108 stores remain closed after suffering flood damage and are unlikely to reopen because it will be "uneconomical".