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)

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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