Independent Liquor sold The Mill liquor chain for $12 mln, accounts show

Thu, 16 Jun 2016

By Edwin Mitson June 14 (BusinessDesk) - Independent Liquor NZ sold The Mill liquor chain for a total of $12 million, its financial accounts show. Independent Liquor, the Papakura-based liquor chain owned by the Japan's Asahi Group, bought The Mill for $18.2 million in 2013 but wrote down the value of the assets last year. It transformed The Mill into a mainstream retailer from a discount liquor chain before putting the business up for sale to focus on its branded beverages such as Woodstock Bourbon and Boundary Road beer. In October...

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