Potential RFG business sale

Retail Food Group could be a target for Champ Private Equity​

• The Australian​
• 12:00AM July 9, 2018​
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• Bridget Carter
  
  

  Mergers & Acquisitions Editor
  Sydney​

  @BridgetCarterb​
  
  
  Scott Murdoch
  
  

  Journalist
  Sydney​

  @murdochsj​
  

Speculation is mounting that Champ Private Equity could be on the cusp of acquiring a consumer business that sells products to supermarkets, which has left some wondering whether Retail Food Group’s Hudson Pacific ingrediences business is on the company’s agenda.
RFG, which is Australia’s largest multibrand retail food franchise owner with brands such as Michel’s, Gloria Jean’s, Crust Gourmet Pizza and Di Bella Coffee, has recently suffered substantial falls in its share price due to its franchisees facing challenging trading conditions.
Its lenders have recently received waived its debt covenants, which could indicate that asset sales are on the cards.
RFG purchased Victoria-based Hudson Pacific in 2016 for $88 million.​