Retail Food Group, the franchising conglomerate behind Donut King, Brumby’s and Michel’s Patisserie, has paid $163.5 million for Aussie-based international coffee chain Gloria Jean’s.
The move will consolidate RFG’s presence in the growing Australian coffee market, having splurged on acquiring mobile coffee chain Cafe2U in August and scooping up The Coffee Guy Group in 2012.
RFG will acquire the global Gloria Jean’s business – a whopping 800 franchised outlets across 40 countries – all intellectual property assets, operational management of the Australian and USA regions, wholesale coffee roasting operations in Australia and the USA, and all associated plant and equipment.
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Kirsten Robb is a former journalist at SmartCompany. Previously, she worked at News Corp as a property reporter for Leader Newspapers and the Herald Sun, and holds a Masters of Journalism at Melbourne University.
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