Retail Food Group upsizes capital raising to $190m
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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