Final approval for Gloria Jean’s takeover
The $164 million takeover of coffee chain Gloria Jean’s by the company behind Donut King and Michel’s Patisserie has been approved by shareholders.
Retail Food Group announced its purchase of the global business in October and has since finalised the agreement, and shareholders on Monday approved the financial arrangements involved in the deal.
• Gloria Jeans franchise underpaid staff
• ‘Cigarette-like’ coffee pods choke planet with junk
They also approved the arrangements of its $30 million-plus takeover of coffee roaster Di Bella, which will further grow Retail Food Group’s expansion into the coffee industry.
The group’s other businesses include Brumby’s Bakery and pizza chains Crust and Pizza Capers.
Advertisement
Finance News
Comm Bank delivers bumper $5.1b profit
Finance News
JB Hi-Fi group sales nudge double-digit growth
Finance News
How to make the most of the looming rate cut
Finance News
Witches, Cher's memoir drive up News revenue
Finance News
Big four banks cut fixed rates ahead of RBA
Finance News