Slic­ing off piz­zas

Mercury (Hobart) - - BUSINESS -

EM­BAT­TLED fran­chise op­er­a­tor Re­tail Food Group is look­ing to sell its Crust pizza chain. The group, which also owns Michel’s Patis­serie, Glo­ria Jeans, Brumby’s Bak­ery and Donut King, yes­ter­day said it is look­ing to sell as­sets in or­der to lower a $260 mil­lion debt pile. The listed fran­chise giant en­tered a trad­ing halt yes­ter­day morn­ing after me­dia re­ports of the Crust Gourmet Piz­zas sale. Shares in the group had surged by more than 20 per cent in early trade ahead of it go­ing into a trad­ing halt.

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