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Multi-million dollar deal to buy Nourish Group collapses

Author
Newstalk ZB,
Publish Date
Thu, 28 Apr 2022, 7:48pm
Photo / 123rf
Photo / 123rf

Multi-million dollar deal to buy Nourish Group collapses

Author
Newstalk ZB,
Publish Date
Thu, 28 Apr 2022, 7:48pm

A big upset for the hospitality sector.

A multi-million dollar deal to buy Nourish Group has fallen over because overseas investors couldn’t easily travel to New Zealand and are concerned about future pandemic restrictions.

Nourish Group owns a number of well-known hospitality businesses around the country, including

Soul Bar in Auckland and Shed 5 in Wellington.

The deal would’ve been worth more than $20 million.

Restaurant Association National President Mike Egan joined Heather du Plessis-Allan.

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