Kyriakos Skoullos has sued PwC over advice on the sale of his business, Hudson Pacific, that he alleges caused him millions of dollars in losses, after the value of the shares he received on the sale plunged 98 per cent.
Jessica Shapiro
By March 2018, the media coverage triggered a parliamentary inquiry into the franchise sector. The findings of the inquiry, which reported one year later, said Retail Food Group had damaged the reputation of the entire franchise sector. By December 2020, the ACCC launched legal action against Retail Food Group and related entities alleging it acted unconscionably and engaged in false, misleading and deceptive conduct when it sold or licensed 42 loss-making corporate stores to incoming franchisees between 2015 and 2019. The case is ongoing.