Bankrupt Michel’s Patisserie franchisee forced to raid kids’ bank accounts to pay off $350,000 debt

in #collapse7 years ago

A FORMER Michel’s Patisserie franchisee was forced to raid his children’s bank accounts to pay off debts after the collapse of his business. 

Melbourne man Robert Verni told of how his entire family was “financially ruined” by Retail Food Group, the country’s largest franchise operator which owns brands including Michel’s Patisserie, Gloria Jean’s and Donut King. 

Full story here:

http://www.news.com.au/finance/small-business/bankrupt-michels-patisserie-franchisee-forced-to-raid-kids-bank-accounts-to-pay-off-350000-debt/news-story/ae3d857151cd7808f01ed85cd9cc7deb

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