Allied Brands, owner of the Baskin Robbins, Cookie Man, Kenny's Cardiology and Villa & Hut chains has requested a trading halt on the Australian Stock Exchange.
An announcement regarding a significant retail acquisition is expected to be made before October 28, along with details of associated capital raising.
Villa & Hut CEO Franz Madlener said the announcement was a demonstration of Allied Brand's commitment to the retail industry.
"Allied Brands has a commitment to positioning itself as one of Australia’s leading retail franchise organisations, with a significant national scope of complimentary retail brands," Madlener said in a statement.
Villa & Hut was acquired by Allied Brands in June for $2.8 million.