Cherri Global enters liquidation, owes $42 million

Cherri Global, a major cherry grower, entered liquidation on March 8, owing about $42 million to creditors, including Spark and the Ministry of Business, Innovation and Employment. The company and its subsidiaries faced difficulties after Cyclone Gabrielle and failed to secure new funding. They sold most of their assets and stopped trading in November 2024. PricewaterhouseCoopers New Zealand has been appointed as liquidators for the three companies.