Veritas Investments considers options after bank pulls support - News Summed Up

Veritas Investments considers options after bank pulls support


Veritas Investments considers options after bank pulls supportKEITH WHITTEN/STUFF Veritas, which owns the Mad Butcher, is looking at a possible sale or merger of its business. The future of the owner of the Mad Butcher franchise is unclear after the company's bank pulled its support for the business. Veritas Investments, the NZX-listed owner of the Mad Butcher and Better Bar Company franchises, said ANZ would withdraw its banking facilities when they fell due in October and November. BEVAN READ/STUFF Veritas won a $1.9 million dispute with the new owners of Nosh but it is unlikely they will be paid. Veritas said the Mad Butcher had been very competitive during the year.


Source: Stuff August 29, 2017 04:18 UTC



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