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Burger King sold for $30m to Tahua Capital leaving banks out of pocket


The franchise was owned by Antares Restaurant Group, which was bought by United States private equity firm
Blackstone Group under the name of Tango Holdings in 2011 for $108m.
Blackstone Group tried to sell the business in 2019 but was unable to find a suitable buyer.
ROBERT KITCHIN/Stuff
Burger King has been sold for $30.5m million, leaving secured creditors out of pocket.
A compromise deal with reached with Burger King’s secured creditors, allowing the company to continue trading.
However, five Burger King restaurants – Lambton Quay, Courtenay Place in Wellington, and Queen St, Takapuna and West City in Auckland – closed as part of the deal. ....

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Sale tipped of giant NZ supermarket: from one multimillionaire to another


Sale tipped of giant NZ supermarket: from one multimillionaire to another
6 Jan, 2021 11:00 PM
7 minutes to read
Supermarket sales: one store owner buying another. Photo / Greg Bowker
The supermarket thought to have the largest revenue of any in New Zealand is tipped to be sold to a former shelf stacker.
In a deal due to settle later this year and which could
be for around $50 million, insiders say the transition is on although owners are yet to confirm that.
Read More
Pak nSave Albany, long owned by Paul and Liz Blackwell, is planned to be sold this August to the prominent owner of New World Victoria Park, Jason Witehira, executives say. ....

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