DB agreed almost $80m for pubs and restaurants

DB agreed almost $80m for pubs and restaurants
DB Breweries bought Auckland's Empire Hotel in September. (Image: BusinessDesk)
Gregor Thompson
DB Breweries agreed to pay almost $80 million to expand its growing hospitality wing last year.In the company's annual report for the 12 months to Dec 31, 2023, DB Breweries disclosed the amount it paid to complete the merger of North Island hospitality companies Joylab and Kāpura. The report was lodged on June 7.In February 2023, DB Breweries incorporated its subsidiary Star Hospitality Group as the vehicle for the merger.Star Group acquired DB’s 60% shareholding in Auckland-based hospitality group Joylab by issuing additional s...

More Hospitality

Who is the country's largest emergency housing provider?
Property

Who is the country's largest emergency housing provider?

A single motelier has reaped millions from last-resort housing.

Maria Slade 11 Jul 2024
Benefitting from the misery of others
Property

Benefitting from the misery of others

Over 40% of emergency housing funding went to a concentrated group of moteliers.

Property operator will negotiate with Italian restaurateur
Property

Property operator will negotiate with Italian restaurateur

Stride's CEO says the landlord won't be silly over a lease dispute with Portofino.

Maria Slade 03 Jul 2024
Language barrier not accepted in Stride restaurant stoush
Law & Regulation

Language barrier not accepted in Stride restaurant stoush

Portofino fails in evidence bid in a rent stoush with Stride Property.

Tom Raynel 02 Jul 2024