Brumby’s Bakery Sale Amidst $14.9 Million Loss: Challenges and Potential Ahead

Retail Food Group has announced plans to sell Brumby’s Bakery following a substantial $14.9 million loss in the 2024-2025 financial year. This move is pivotal, as $12.2 million of this loss is attributed directly to Brumby’s Bakery’s decline. The bakery chain, a subsidiary of the Retail Food Group, has been a notable part of the company’s portfolio, but recent financial tribulations have pushed it into the spotlight for divestment.