Retail

No Soul for Good Spirits as Nourish deal falls over

Ella Somers
Thu, 28 Apr 2022

Trainee reporter
funded through
No Soul for Good Spirits as Nourish deal falls over
Auckland's high-profile Soul Bar was to be part of the deal. (Image: supplied)
Ella Somers
Thu, 28 Apr 2022
Good Spirits Hospitality has quit its $21.3 million acquisition of Soul Bar-owner Nourish Group as the tumultuous state of New Zealand’s hospitality sector made it too hard to get the deal over the line.The NZX-listed pub owner said while a “major shareholder” supported the deal and agreed to provide the debt portion of the transaction, “interest from potential equity partners has been materially impacted”. Nourish owns 10 venues including Auckland’s Soul Bar & Bistro and Wellington’s Shed 5.Good Sp...

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