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Adele Ferguson

RFG implores franchisees to accept pricing errors

Retail Food Group has been sending inflated invoices to its Gloria Jeans franchisees in the latest problem to hit the troubled group.

Adele FergusonInvestigative journalist and columnist

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When a company sends out invoices with inflated prices days before the end of the financial year on products that haven’t been ordered and says "no returns of stock", it raises questions.

Earlier this month a subsidiary of embattled Retail Food Group sent Gloria Jeans franchisees invoices for boxes of 24 frozen Donut King doughnuts at a price of $127.11 including GST, which is equivalent to more than $5.30 a doughnut.

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    Original URL: https://www.afr.com/business/retail/fmcg/rfg-implores-franchisees-to-accept-pricing-errors-20190623-p520gv