BDO has entered agreements to sell assets, but doesn’t expect the bank to recoup the full amount owing to it.
Three manufacturing facilities in Auckland, Christchurch, and Dunedin – as well as Hastings packing line – will close.
Rākete Orchards GP and Rākete Orchards LP owe creditors $12m.
Consolidated Fruits, better known as Kiwi Crunch, employs hundreds of people in Hawke’s Bay and Central Otago.
The $80.6m first-half loss is a real blow to management, who are determined to target revenue and margin growth.
Dairy cooperative’s CEO Miles Hurrell says there is still plenty of demand emerging from the Middle East.
NZAB Capital went live today to support the capital requirements of farmers.
NBR reported earlier this month speculation was emerging he could soon announce exit plans.
Co-op silent on speculation over succession planning.
When seed funding is, literally, for nuts.