Soul Patts Increases Stake in Retail Food Group

Story Highlights
Soul Patts Increases Stake in Retail Food Group

Retail Food Group ( (AU:RFG) ) has shared an update.

Washington H. Soul Pattinson and Company Limited (Soul Patts) has increased its voting power in Retail Food Group Limited to 9.37% from a previous 7.85%, following a share consolidation by RFG. This change in substantial holding may influence RFG’s strategic decisions and could impact shareholder dynamics, reflecting Soul Patts’ growing interest in the company’s operations.

More about Retail Food Group

Retail Food Group Limited (ASX: RFG) operates in the food and beverage industry, focusing on the retail sector. The company is known for its franchise systems, which include popular brands in the bakery, coffee, and pizza segments, catering to a broad consumer market.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $80.63M

Learn more about RFG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App