Another Mad Butcher store faces liquidation
posted on 6th September 2016
The Inland Revenue Department has filed an application to liquidate the business behind the Silverdale Mad Butcher store, the latest issue to hit the franchisor, NZX-listed hospitality company Veritas. The store was relocated in 2012 from central Orewa, where it had traded successfully for 12 years, to the still-growing Silverdale shopping precinct.
Veritas chairman Tim Cook said the company had been advised of the IRD action by the franchisee in Siverdale.
No outcome had been determined and wouldn't be until the hearing on Friday.
''Tax is a personal matter between the franchisee and IRD and as such neither Veritas nor Mad Butcher have any comment to make,'' Cook said.
''Once any outcome is known Veritas/Mad Butcher will determine what is required going forward.''
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