Veritas Investments to buy upmarket Nosh supermarket chain

Fri, 29 Aug 2014

By Suze Metherell Aug. 29 (BusinessDesk) - Veritas Investments, which owns the Mad Butcher franchise business, has entered into a conditional agreement to buy the gourmet-supermarket chain, Nosh Food Market from Nosh Management for an undisclosed sum. The Auckland-based company said the acquisition will be funded by a facility of up to $5 million with ANZ Bank, without disclosing the purchase price saying it was "confidential and is not material". Nosh earns annual revenue of $25 million from its six Auckland region stores and one Mount M...

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