Iconic Brumby’s Bakery on the Market Amid Major Downturn
Australia-based Brumby’s Bakery, a well-loved element of the local communities since 1975, is now facing an unclear future. The beloved bakery chain, known for its freshly baked bread and pastries, has been put up for sale by its parent company, Retail Food Group (RFG), following a significant financial downturn. In the 2024–2025 fiscal year, RFG reported a net loss of $14.9 million, a stark contrast to the $5.8 million profit in the previous year. This loss was primarily attributed to a $12.2 million impairment on the aging Brumby’s brand and $15.7 million in restructuring costs.
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