RFG

1.33%

7.4¢ retail food group limited

you where warned, page-24

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The Chook

4,860 Posts.

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17/03/19

11:32

Post #: 37788205
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Originally posted by tutes: ↑

'I’m still in the pit trying to get out': Franchisees need more than RFG's shallow words

" Meanwhile, its franchisees and ex-franchisees continue to suffer.

Wing Chan still has a lump in his throat when he talks about RFG.

"The wound is so deep down," he says. "I jumped into this RFG pit and I still can’t see a way out."

Chan spent his retirement savings of $600,000 on two Michel’s Patisserie stores in Cessnock and Newcastle in 2011 after he couldn’t find a job.

In his 60s, he saw it as a way to own his own business, build it up, and work towards his retirement.

Instead, he worked for free for seven years, lost his investment and is now being chased by RFG, suppliers and the liquidators.

"I have a lot of angry bullets in my stomach but I don't know where to shoot at," he says.

Like many franchisees, Chan was squeezed by fees and rebates, leaving him struggling to pay the bills. He said the company didn’t support the brand, and the cakes supplied were expensive and regularly turned up in poor condition or late.

Now he is being chased by RFG, suppliers and liquidators. He said he sold one of his Michel’s Patisserie stores at a hefty loss for $50,000 just over a year ago, but the new owner couldn’t make it work and went bankrupt."

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as I feel for Mr Chan I wasnt tbere through his experience and as you care so much for the franchisee then why not comment on needs to be done for existing franchisees, your not helping them by bad mouthing RFG, remember its previouse management and not current that was an issue, so lets get behing RFG today to support everyone involved in This. business is not easy and it takes good business minded people as well as good customers to make any business successful.

RFG Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.4¢		Change -0.001(1.33%)		Mkt cap ! $184.2M

Open	High	Low	Value	Volume
7.5¢	7.5¢	7.4¢	$55.63K	743.8K

Buyers (Bids)

No.	Vol.	Price($)
3	161891	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	75000	1

View Market Depth

No.	Vol.	Price($)
3	161891	0.074
4	314273	0.073
3	67650	0.072
3	254798	0.071
3	124299	0.070

Price($)	Vol.	No.
0.075	75000	1
0.076	182274	3
0.077	152379	4
0.078	81829	4
0.079	497481	5

Last trade - 15.45pm 02/08/2024 (20 minute delay)

RFG (ASX) Chart

you where warned, page-24

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you where warned, page-24

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News