Business

Tony Alford at the time of the RFG float in 2006.

Retail Food Group's shares plunge to five-year low

Retail Food Group's shares plunged more than 27 per cent hitting a five year low after a Fairfax Media investigation revealed hundreds of Donut King, Brumby's and Gloria Jeans stores were going to the wall as a result of a brutal franchise model.

Former RFG CEO Tony Alford (left).

The rise of the donut king

Tony Alford first shot to international attention in 1998 over his role in the messy business affairs of Michael Hutchence.

RFG is the sixth most shorted stock on the ASX.

Donut lend to the short-sellers, Retail Food Group begs

The Retail Food Group's chairman has begged investors not to lend any more of their shares to the "relentless" short-sellers who are betting on a further collapse in the company's share price, saying they risked undermining its future.

David Jones Christmas window display 9th November 2017 Photo by Louise Kennerley SMH

David Jones bets on service to beat Amazon

Upmarket department store David Jones hopes its "premium" service, in-store experience and ability to price-match on select products will help it stay ahead of online retail rivals, including Amazon.

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