Nourish Group adds Soul to the menu as restaurateurs face margin squeeze

Tue, 16 Jan 2018

By Paul McBeth Jan. 16 (BusinessDesk) - Nourish Group has added Auckland's high-profile Soul Bar & Bistro to its stable in a market where restaurateurs are feeling the competitive pinch and facing rising food and labour costs. Auckland-based Nourish will take ownership of Soul from March 1 for an undisclosed sum, buying it from restaurateur Judith Tabron and Eric Watson's Cullen Investments. Nourish chief executive Richard Sigley says the purchase gives the group the benefit of bigger scale when negotiating with suppliers and adds a four...

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