Mad Butcher

Veritas chairman Tim Cook said “We all wish we could tell you some more."

Clash over Mad Butcher debt at Veritas vote

Fri 16 Mar 11

Unhappy shareholders approve sale to interests associated with Michael Morton. Watch NBR View's Susan Wood interview reporter Tim Hunter.

Veritas director Michael Morton's company Yogg will buy the company for $7.3m.

Mad Butcher sale details show further decline forecast

Wed 28 Feb 8

Independent report values retail franchise at three to four times earnings.  

Damien Grant says he is not conflicted in acting as both liquidator of TGM Trading and receiver of Nosh Group.

Liquidator tries to clarify tangled Nosh web

Tue 20 Feb 4

No conflict of interest, says Nosh Group receiver.

Aaron Drever is the director of the company subject to the claim, Grocer’s Market.

Tegel acts on Mad Butcher debt

Mon 22 Jan 6

Liquidation claim filed over money owed by former franchise.  

Michael Morton owns five Mad Butcher stores in his own right.

Echo of Nosh in Mad Butcher deal

Fri 22 Dec 9

Purchase price includes an amount to pay off trade creditors.  

Michael Morton declared his interest in October.

Veritas CEO Morton to buy back Mad Butcher for $8 million

Wed 20 Dec 35

This is less than a quarter for what it was sold for.


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