Retail Food Group confirms talks with investors for potential equity raising

The franchisor reported a $149.3m loss last August.

Retail Food Group, the franchisor behind Donut King and Gloria Jean's Coffees, has confirmed plans of a potential equity raising with investors as an option to recapitalise the company.

"As previously announced, the Board is considering a range of debt reduction options, including equity and debt funding options as well as asset sales," RFG said in a statement sent to the ASX.

"RFG confirms that it is currently meeting with investors in relation to a potential equity raising. No decision has been made by the Board as to whether to proceed with an equity raising at this stage."

The Queensland-based franchisor also clarified that earlier-reported discussions with Soliton Capital Partners are "continuing" in relation to its proposal. RFG says its Board has made no decision "at this time."

Last August, RFG reported a loss of $149.3m for FY19.

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