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One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation. Creditors have until April 8 to register their claims with the appointed liquidators.
Cherri Global, with orchards in Hawke’s Bay and Central Otago, and subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on March 8 through a special resolution of shareholders.
Janet Sprosen and Stephen White of PwC New Zealand were appointed liquidators.
According to the first PwC report, more than 30 unsecured creditors are owned about $42 million, probably including the founder Phil Alison and his family, wholesale investors and loans among the three inter-related companies.
Alison also…
