Veritas reaches confidential settlement with former Nosh franchisee

Mon, 06 Mar 2017

By Jonathan Underhill March 6 (BusinessDesk) - Veritas Investments said it has reached a confidential settlement with Phil Mead, a former franchisee in the Nosh group who sought to terminate his franchise agreement after buying the business just days before Veritas disclosed it was under pressure from its bank to sell the upmarket supermarket chain. On Feb. 24, Auckland-based Veritas completed the sale of its Nosh Group Ltd franchisor operation for about $4 million to Gosh Holding, whose Sydney-based owner Andrew Phillips, renamed it the...

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