One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation, according to reporting from Farmers Weekly.
According to the publication, Cherri Global, including its subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on 8 March through a special resolution of shareholders.
Janet Sprosen and Stephen White of PwC New Zealand were appointed liquidators.
The first report from PwC has revealed more than 30 unsecured creditors are owed approximately NZ$42mn. These likely include founder Phil Alison and his family, wholesale investors, and loans among the three inter-related companies. Spark, the Ministry for Business, Innovation and Employment, and PGG Wrightson are among…
