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

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
Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity
Infrastructure

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity

Fletcher Building has settled remaining contract works insurance claims with the New Zealand International Convention Centre project insurers.Also known as builders' insurance, contract works insurance (CWI) covers construction that is underway.In February, Fletcher determine...

Staff reporters 01 Jul 2024
Texan billionaire Bill Foley buys Toast Martinborough
News in Brief

Texan billionaire Bill Foley buys Toast Martinborough

Texan billionaire Bill Foley, who in November secured a license for an Auckland A-League football club, has added another New Zealand prize to his mantlepiece: Toast Martinborough.The Wairarapa’s headline wine and food festival will come under the ownership of Foley Wines Ltd, a...

Gregor Thompson 20 Feb 2024
Al Brown launching Best Ugly Bagels franchise
Hospitality

Al Brown launching Best Ugly Bagels franchise

Celebrity chef seeks franchisees for nationwide Best Ugly Bagels rollout.

John Anthony 30 Jan 2024