Independent Liquor writes off remaining goodwill as FY loss widens, puts Mill on the block

Wed, 24 Jun 2015

By Paul McBeth June 25 (BusinessDesk) - Independent Liquor (NZ), the liquor company owned by Japan's Asahi Group, wrote off its remaining goodwill, partly offsetting gains from a multi-million dollar settlement with the former private equity owners over the price paid for the booze empire. The Papakura-based company founded by the late Michael Erceg reported a loss of $52.6 million in calendar 2014 compared with a loss of $41.6 million a year earlier, according to financial statements lodged with the Companies Office. Independent recognis...

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