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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.

Andrew Bevin Mon, 27 Sep 2021

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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Andrew Bevin Mon, 27 Sep 2021
Contact the Writer: andrew@nbr.co.nz
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Good Spirits tagged over going concern, $5.6m impairment
General Business,
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