If you’re a fan of Michel’s Patisserie, you’ll be sad to hear that the popular bakery and cafe chain is shutting down.
The company’s parent, Retail Food Group, has announced plans to convert the stores into other brands.
What’s Happening to Michel’s Patisserie?
There are 19 Michel’s franchises in NSW, Queensland, and Victoria that will be affected by the closure.
But don’t worry, the company is working with existing franchisees to make the transition as smooth as possible. They’ll be offering financial and other support to help them through the change.
A New Beginning for Franchisees
The good news is that franchisees will have the opportunity to convert their businesses to other popular brands, including Gloria Jean’s and Donut King.
These brands offer exciting opportunities for franchisees to continue running their businesses, and Retail Food Group is committed to supporting them every step of the way.
A Look Back at Michel’s Patisserie
Michel’s Patisserie has been a beloved brand since 1980, when it was founded by French pastry chef Michel Catteon.
At its peak, there were over 300 locations across the country.
However, in recent years, the brand has faced some challenges, including a court battle with the Australian Competition and Consumer Commission.
What’s Next for Retail Food Group?
Despite the challenges, Retail Food Group has reported a net profit of $5.8m in the financial year ending June 2024.
The company is committed to supporting its franchisees and continuing to grow its other brands, including Gloria Jean’s and Donut King.