Liquidators investigating Nosh collapse allegations

By on September 8, 2017
Liquidators investigating Nosh collapse allegations

The liquidators of the former gourmet supermarket Nosh are investigating alleged breaches surrounding the multimillion dollar collapse of what was a "genuine new Zealand business success story".

The investigations were confirmed after a debt buying company called for liquidators to "take a very hard look" at the actions of directors.

Nosh was sold by NZX-listed Veritas Investments to a consortium of local investors earlier this year for a loss of $2.6 million.

‚ÄčThis was after Veritas' bank, ANZ, had forced the company to look to sell the troubled supermarket chain in order to repay some of its debt.

Read the full article by Hamish Mcnicol > Business Day - stuff.co.nz



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