Gloria Jeans, Donut King owner’s shares dive after secret deal revealed

When Corporate Ddecption is no Exception

Shares in troubled franchisor Retail Food Group have been smashed for the second day in a row after it was revealed the company had a secret deal with a former staff member to manage stores.

RFG’s shares tumbled as much as 13 per cent in early trade on Tuesday after Fairfax Media reported that the listed franchising giant had not told shareholders about the deal between itself and a company run by Alicia Atkinson, RFG’s former bakery cafe director and the partner of RFG’s former longstanding boss Tony Alford.

via Gloria Jeans, Donut King owner’s shares dive after secret deal revealed