The first Mad Butcher store in Mangere, founded in 1971 by Sir Peter Leitch, has gone into liquidation.
It is the sixth to do so since March last year and follows the recent closure of two other stores.
Four stores in the Veritas Investments-owned franchise [NZX: VIL] went into liquidation over a period of three weeks last year, which the company put down to simply a coincidence of timing.
But in March, NBR revealed the Mad Butchers Mt Wellington store had gone into liquidation, owing more than $1.1 million, on the back of poor trading conditions.
NBR has also reported the butchery chain taking ownership of the Manukau store and the closure of a mini concept store in Mosgiel after less than eight months in business.
Veritas announce…
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