The potential for future fines and penalties are expected to be factored into any bailout deal for the scandal prone Retail Food Group.
RFG's mystery share price surge should raise alarm bells about continuous disclosure
The stock exchange and ASIC are examining trading in shares of scandal-plagued franchisor Retail Food Group ahead of revelations it was close to a bailout.
Troubled franchisor Retail Food Group's shares have soared almost 60 per cent in two days of trading,but the company says there is no major deal in the works that would explain the rally.
Retail and Fast Food Workers Union secretary Josh Cullinan said the alleged treatment was at the “worst end of the spectrum”.
Phillip Di Bella is back running the company bearing his name but insiders have raised concerns about perceived conflicts of interest.
The owner of bakery chain Michel's Patisserie is withdrawing products after it was revealed the company was knowingly selling cakes and other goods past their use-by dates.
Operators of the national chain's stores have been told to extend the use-by dates on cakes and other goods by up to six months.
Banks have waived or relaxed the conditions attached to a $259 million debt Retail Food Group is trying to pay down.
The repercussions continue from parliament's inquiry into franchising with Retail Food Group's share plummeting and some experts saying the report could have gone further.