Bill Foley entity Foley Holdings acquires Nourish Group

Soul Bar will now shift to new ownership. (Image: Soul)

Fri, 22 Jul 2022

US billionaire Bill Foley is expanding his New Zealand empire with the purchase of Soul Bar owner Nourish Group for an undisclosed sum.The company operates a swathe of restaurants including Jervois Steak House, Andiamo, Shed 5 and the Chamberlain, and had tried to sell to NZX-listed Good Spirits Hospitality earlier this year for $21.3 million, but the deal fell through.Nourish has more than 400 staff and restaurants in Auckland, Wellington, Taupo and Queenstown. It closed one of its flagship outlets, Euro, in October last year due to the i...

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