Key deadline for Veritas on future of Nosh supermarkets looms

Thu, 12 Jan 2017

By Rebecca Howard Jan. 13 (BusinessDesk) - Auckland-based Veritas Investments said on Friday it is still working through the process ahead of a deadline to present a plan for its unprofitable Nosh supermarket business to ANZ Bank New Zealand. In mid-December the company, which also owns the Mad Butcher franchise, said it had until Jan. 15 to deliver either an unconditional contract for the sale of Nosh Group Ltd, or a proposal to close and wind it down to its lender. At the time, it said the sale or closure of the loss-making Nosh bus...

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