Cherry grower Cherri Global in liquidation, $42m owed

Cherri Global operated out of the Hawke’s Bay and Otago regions, growing and distributing cherries for the domestic and international markets. The liquidators noted that so far they only had access to financial reports for the year ended March 31, 2024 but they had requested copies of the companies’ bank statements for the two-year period…

Hudson’s Bay looks to liquidation as additional financing not secured

Canadian department store retailer Hudson’s Bay Company said on Friday it has failed to secure sufficient financing to go ahead with a restructuring transaction under the Companies’ Creditors Arrangement Act.  Hudson’s Bay ​The Toronto-based company said it has only secured limited debtor-in-possession financing that will require the full liquidation of the entire business, added that a store-by-store liquidation process will…