In a torrid week for the retail franchise sector, Retail Food Group (RFG) has been forced to slice $138 million from it first-half results and potentially faces further provisions for FY18 following a strategic business-wide review.

RFG will retain but implement changes to its franchise business model following the review but another major franchisor, Caltex Australia, will abandon its franchise model as it seeks to rollout a new convenience store offer.

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