VIL
06/04/2016 08:31
GENERAL
PRICE SENSITIVE
REL: 0831 HRS Veritas Investments Limited
GENERAL: VIL: Veritas to Franchise Nosh Stores
NZX Release
6 April 2016
Veritas to franchise Nosh stores
Veritas Investments Limited (NZX:VIL) announces that it will shortly commence
a programme to franchise the existing Nosh Food Market stores to
appropriately qualified operators.
Of the eight existing Nosh stores, two are currently fully franchised, being
Mt Manganui and Constellation Drive in Auckland's North Shore.
If successful, the franchise blueprint could be used to open new Nosh stores
in other parts of New Zealand. The Board sees this as an important milestone
which could present opportunities for further growth of the Nosh business.
Veritas Chairman Tim Cook said:
"The franchising of Nosh stores has always been part of our vision since we
acquired the business 18 months ago. After a comprehensive review and
restructure of operations we are now well positioned to roll out the
franchise model for the existing Nosh stores."
For further information, contact: Tim Cook
021 764 401
[email protected]
About Veritas Investments Limited
Veritas Investments is an NZX Main Board-listed investment company focusing
in the Food and Beverage, Franchise and Hospitality sectors. The shell
company was formed in December 2011 and made its first acquisition of the Mad
Butcher franchisor business in May 2013 through a reverse acquisition
transaction. A further investment was made in December 2013 for 50% of Kiwi
Pacific Foods Limited. In September 2014 Veritas acquired the Nosh Food
Market business. In November 2014 Veritas acquired The Better Bar Company
group business.
www.veritasinvestments.co.nz
End CA:00280394 For:VIL Type:GENERAL Time:2016-04-06 08:31:08
