"A long way to go": Oliver's on the expansion path again as recovery presses on

 Within a month of its reinstatement to the ASX after a two year absence from trading due to financial reporting concerns from the market operator, the Oliver's Real Food (ASX: OLI) leadership appears emboldened by a cash flow turnaround and have signed a deal to grow the company's footprint.

Following a 12-month period of consolidation with eight store closures, mostly in Victoria except for one in Chinderah south of Tweed Heads, Oliver's has announced a heads of agreement to secure two quick service retail (QSR) outlets that will operate within Ampol (ASX: ALD) service stations at Pheasants Nest, NSW.

Located on either side of the Hume Highway 100km south of Sydney, the stores will be located within food court areas and have drive-thru capability. The service stations are currently under construction, but Oliver's expects the stores to be operational during the September quarter.

Read More: https://www.businessnewsaustralia.com/articles/-a-long-way-to-go---oliver-s-on-the-expansion-path-again-as-recovery-presses-on.html




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