A parliamentary inquiry into the franchising industry has recommended that the ACCC and ASIC be given greater powers to take rogue operators to task.
https://www.msn.com/en-au/money/company-news/accc-asic-put-to-work-on-exploitative-franchising-sector/ar-BBULwl2?ocid=spartandhp
It is obviously urgently needed following the revealations regarding the absolutely deplorable behaviour of Retail Food Group at the inquiry and elsewhere.
The group behind some of Australia's biggest franchise brands, including Brumby's Bakery, Michel's Patisserie, Gloria Jean's, Donut King and Crust Gourmet Pizza moves to quash fears it could be forced to appoint administrators.
Franchising regulation needs a dramatic overhaul, according to a senate inquiry, but any changes will come too late to save people like Brent Harrison, who has already lost his life savings.
https://www.msn.com/en-au/money/company-news/particularly-unjust-retail-food-group-to-face-blowtorch/ar-BBUKa55?ocid=spartandhp
What a travesty that so many franchisees have had their savings lost and their lives destroyed by these sort of charlatans.
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