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 plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.