Opening of True Food and Yoga. Kelly and Nic Watt. Photo/Norrie Montgomery
Opening of True Food and Yoga. Kelly and Nic Watt. Photo/Norrie Montgomery
True Food and Yoga, which went into liquidation last week, owes shareholders and creditors more than $2.4 million.
The company, owned and run by celebrity chef Nic Watt and his wife Kelly, owes employees $38,901 and Inland Revenue $43,320, according to the first liquidator's report.
Shareholders and unsecured creditors are owed a further $2.3m. The report said the company has assets of $1.7m.
Chef Nic Watt of True Food and Yoga. Photo/Brett Phibbs
Liquidator Tony Maginness from Staples Rodway said there had been interest from several parties in buying the business, which was closed over this period.
In April 2016 the Watts leased the Okahu Bay waterfront space, dividing the 550sq m location into bar and bistro True Food operated by Nic, and wellness centre True Yoga operated by Kelly.
The space featured two seafront yoga studios and space for private functions, a wellness room, a chiropractor room and a retail section offering products such as Yoga gear, teas, juices and jewellery.
True Food made Cuisine's top 100 restaurants list last year.
At the time of its opening, Nic said the launch was a dream for the couple.
"Kelly and I are passionate about the True concept and feel this is the perfect location and environment to bring our combined dream to fruition and to the Auckland market," he said.
True Food And Yoga. Photo/supplied
In July last year, the pair announced their separation and it was unclear whether they would continue to operate the business together.
Since working at Hammerheads, Watt has added Masu and Huami in Federal St to his culinary empire.
