Good Spirits Hospitality Limited has completed the acquisition of the Velvet Bar following receipt of the required regulatory approvals and consent from GSH’s financier.
Good Spirits Hospitality’s Duncan Makeig has stepped down from the company’s board with director Matt Adams replacing him as chair.
Good Spirits Hospitality has named director Matt Adams as chair designate after Duncan Makeig signalled his intention to resign the chair following the upcoming June board meeting.
The deal to acquire the 10-strong national portfolio falls over after failing to attract an equity backer.
The completion of Auckland pub group Good Spirits Hospitality’s conditional takeover of restaurant owner Nourish Group has been delayed until Q2.
Good Spirits Hospitality has agreed a waiver with its lender Pacific Dawn in respect of the interest due and payable for the quarter ended 31 March 2022.
The listed companies brush off Covid-19 chills as they look to grow via distribution deals and acquisitions.
The Auckland pub group gobbles up Nourish in a “transformational growth opportunity” creating one of New Zealand’s largest hospitality operators.
Good Spirits Hospitality says it has reached an agreement with its lender Pacific Dawn to extend the date for repayment of its facility until 31 December 2022.
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