In a move that doubles the number of hospitality venues owned by the group, Good Spirits Hospitality has struck a deal to acquire Nourish Group
Nourish owns high-profile eateries including Soul Bar and Bistro, Jervois Steak House and pandemic victim Euro. The deal would bring the total number of venues owned by Good Spirits to 20, making the company one of the biggest hospitality groups in the country.
Nourish Group founder Richard Sigley will join the Good Spirits board and executive team as part of the sale.
Duncan Makeig, Good Spirits chair, said the move was an incredible growth opportunity for the business.
“We are excited about the opportunity to leverage Nourish Group’s industry-leading expertise in the restaurant and social dining segments. The combined group will provide a platform for further growth and innovation. This is just the start of an exciting journey together.”
The 10 venues brought into Good Spirits under the deal are Soul Bar & Bistro, Talulah, The Chamberlain, The Brit, Andiamo, Shed 5, The Crab Shack (Wellington), Pravda Café and Grill, Jervois Steak House (Auckland and Queenstown) and Bistro Lago.
Nourish Group will retain The Crab Shack in Auckland.
The deal is subject to Good Spirits shareholder approval, which will be sought at a meeting anticipated in the first quarter of 2022.