RFG: entered agreement to acquire Michel´s Patisserie

Southport / AU. (beu / rfg) A wave of consolidation is sweeping the bakery and cafe sectors Down Under, making unlikely friends of doughnuts and baguettes. Australian Retail Food Group Limited (RFG), the franchisor for Donut King and BB´s cafes, now agreed to buy Michel s Group, the owner of the Michel s Patisserie franchise network, for a possible 88 million AUD in cash and scrip.
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