Savor snaps up waterfront's HQ, former Ostro sites

Savor snaps up waterfront's HQ, former Ostro sites
Amano in Britomart was bought from Hipgroup last April. (Image: Supplied)
Brent Melville
Restaurant group Savor says it has successfully raised $2 million in new capital through a private placement at 40 cents a share and it has secured a lease for the former Headquarters site at Auckland's Viaduct. The equity raise, to six of the group's 'cornerstone' shareholders, represents 8% of Savor's shares on issue.Savor has also secured the rights to open a Movida restaurant at Britomart, bringing its restaurant complement to 17, across 14 brands.The NZX-listed firm, which evolved out of brewing group Moa, changed...

More Retail

The Warehouse’s plan to come back ‘with a vengeance’
Retail

The Warehouse’s plan to come back ‘with a vengeance’

Executives face tough questions at the retailer’s AGM.

Victoria Young 22 Nov 2024
Dairy-free deal: Otis and All Good oat milk merge
Retail

Dairy-free deal: Otis and All Good oat milk merge

The companies have their eyes on Southeast Asia.

Gregor Thompson 21 Nov 2024
iPhones can now accept payments for NZ merchants
Retail

iPhones can now accept payments for NZ merchants

Tap to pay on iPhone launches in NZ with five initial processing providers.

Ben Moore 21 Nov 2024
My Food Bag profitability up, customer numbers dip
Retail

My Food Bag profitability up, customer numbers dip

Company expects market conditions to remain challenging in the second half.

Gregor Thompson 21 Nov 2024