Veritas says failure of four Mad Butcher franchisees 'coincidence of timing'

Mon, 06 Apr 2015

By Suze Metherell April 7 (BusinessDesk) - Veritas Investments, the food and beverage investor, has responded to media reports about the financial health of its Mad Butcher brand by saying the liquidation of four of its franchisee-operated budget meat outlets this year is "coincidence". Since the start of the year the Massey, Glenfield, Rotorua and Kapiti Mad Butcher stores have all been placed into liquidation, and all but Rotorua have been taken back into Veritas ownership, the Auckland-based company said in a statement. The affected s...

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