Retail Food Group to shut up to 200 stores

James ThomsonColumnist

Updated Mar 2, 2018 – 5.41pm, first published at 3.52pm

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The chief executive of beleaguered franchisor Retail Food Group insists the company's Australian franchise network will be sustainable over the long term, after it announced it will shut as many as 200 stores.

RFG chief executive Andre Nell said a six-month review of the store network in Australia by accounting firm Deloitte had revealed between 160 and 200 stores were not sustainable, even if they received further support.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.