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Retail Food Group upsizes capital raising to $190m

Sue Mitchell
Sue MitchellColumnist

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Food franchisor Retail Food Group, the owner of the Michel's Patisserie, Gloria Jean's and Donut King brands, is upsizing a capital raising after receiving strong support from institutional investors including Invesco.

After announcing plans last Friday to raise $160 million, Retail Food Group said on Tuesday it planned to raise $190 million, $170 million of which will be fully underwritten by Petra Capital and Shaw and Partners.

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    Original URL: https://www.afr.com/companies/retail/retail-food-group-upsizes-capital-raising-to-190m-20191014-p530lo