Brief: Retail Food Group Announces Settlement Of ACCC Proceeding

Retail Food

23/12/2022 01:31

Dec 23 (Reuters) - Retail Food Group Ltd  RFG.AX :
    * SETTLEMENT OF ACCC PROCEEDING
    * AGREED TO RESOLVE FEDERAL COURT OF AUSTRALIA PROCEEDING
COMMENCED BY ACCC
    * HAS ALSO AGREED TO CONTRIBUTE TOWARDS ACCC'S LEGAL COSTS
    * WILL PAY AGREED DISCRETE SUM TO RELEVANT FRANCHISEES WHO
ACQUIRED CORPORATE STORES OF CO
    * TOTAL AMOUNT THAT IS TO BE PAID TO FRANCHISEES BY CO UNDER
UNDERTAKING IS A$8.0 MILLION

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