Good Spirits tagged over going concern, $5.6m impairment
Lease of popular O’Hagan’s pub will expire following feud with landlord, writing off $5m in goodwill.
NZX-listed Good Spirits Hospitality went into trading halt on Friday afternoon ahead of release of audited accounts, which tagged going concern issues and a large goodwill impairment.
A $5.6 million goodwill impairment was included in the accounts over the fate of its O’Hagan’s bar lease.
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