Nosh gourmet food market in Glen Innes is one of six Nosh stores owner Veritas Investments is trying to sell. Photo/Jennie Milsom.
ANZ has agreed to extend the deadline for Veritas Investments to either sell or begin winding up its Nosh food supermarkets until the end of the month.
In a statement to the NZX, Veritas said it had "received a number of approaches from potential purchasers of Nosh" and the board
is in discussions with several parties about a potential sale of Nosh.
The owner of the Nosh franchise on Constellation Drive in Auckland's Mairangi Bay has dropped the Nosh brand from its store.
Veritas said the franchisee has indicated that he will operate independently of the Nosh franchise and "has purported to terminate its franchise agreement. Veritas does not accept that termination, and the parties are in dispute over the matter."
The food and beverage investor took on a $5m funding line with ANZ to buy the Nosh stores in 2014 but has struggled to turn the gourmet supermarkets into a profitable business.