Independent Liquor takes more impairments, loss narrows

Fri, 06 Jun 2014

By Paul McBeth Jun. 6 (BusinessDesk) - Independent Liquor (NZ), whose Japanese owner Asahi is locked in a court battle over the $1.5 billion price tag it paid for the booze empire, narrowed its loss in 2013, while writing down the value of the business even further, in a year where it spent $18.2 million to extend its reach into retailing. The Papakura-based company reported a loss of $41.6 million in calendar 2013, down from the $117.9 million loss a year earlier, according to financial statements filed with the Companies Office. Revenue...

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