Another operational improvement overseen by the new CEO Richard Hinson.
RFG has launched a new low cost rebranding for its flagship pizza brand Crust Gourmet Pizza - local Gold Coast stores the first to roll out, as reported in the Gold Coast Bulletin over the weekend.
See article below.
Gold Coast food franchisor Retail Food Group unveils new branding for Crust Pizza - the first in 17 years
Alister Thomson, Gold Coast Bulletin
October 12, 2018 1:00am
STRUGGLING Gold Coast food franchisor Retail Food Group has unveiled the first rebrand of Crust Gourmet Pizza since it was founded 17 years ago.
The rebrand at the Nerang store, owned by franchisee Sam El Debel, involved an approximate $30,000 spend to create an “ultra-modern” black and brass look to distinguish the pizza chain in the traditional quick service restaurant space.
It comes after RFG’s reputation and shareholder value was shattered following allegations of mistreatment of franchisees.
Crust general manager Renee North said it was not taking a “cookie cutter” approach to the rebranding, which would be rolled out as franchisees chose to update.
media_cameraSam El-Debel owns four Crust outlets – Nerang, Surfers Paradise, Broadbeach, and Coolangatta. Picture: Glenn Hampson
“It was designed specifically to allow for localised store interpretations which acknowledge and celebrate the local area and the individual franchise partner,” she said. “We have had overwhelming support from our franchise partners wanting to roll out the new look as soon as possible.
“We were careful to design a brand within reach for all of our franchisees because the modernisation of their stores is very important for many of them.”
Pre-tax earnings in RFG’s domestic QSR division fell by $2.1 million in the past financial year, hit by a sharp decline in new franchise and renewal activity and also influenced by negative franchising sentiment.
There were 54 store closures in the division, which also includes Pizza Capers, up from 24 in FY17.
media_cameraRetail Food Group’s other pizza brand is Pizza Capers.
Mr El Debel owns four Crust outlets – Nerang, Surfers Paradise, Broadbeach, and Coolangatta.
He said he was confident his spend of “less than $30,000” would be returned quickly.
“My customers are loving the new look and I’m getting really positive feedback that it feels like their own modern local pizzeria,” he said.
RFG has 155 Crust stores nationwide.
- Forums
- ASX - By Stock
- RFG
- Crust Pizza Rebranding
Crust Pizza Rebranding
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.5¢ |
Change
0.004(5.63%) |
Mkt cap ! $186.9M |
Open | High | Low | Value | Volume |
6.8¢ | 7.6¢ | 6.8¢ | $647.9K | 8.894M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 309945 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 116290 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 309945 | 0.074 |
1 | 27233 | 0.073 |
2 | 147000 | 0.072 |
1 | 50000 | 0.071 |
3 | 1050000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 116290 | 1 |
0.076 | 245385 | 3 |
0.077 | 324761 | 10 |
0.078 | 313076 | 4 |
0.079 | 1007765 | 7 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
Featured News
RFG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online