BDO has entered agreements to sell assets, but doesn’t expect the bank to recoup the full amount owing to it.
The horticulture company bumps profit guidance for the second time in three months, as conditions improve.
Hawke’s Bay businessman Phil Alison has agreed to sell Cherri Global, rather than tip it into receivership.
Sale to Auckland businessmen on the cards as Cherri Global struggles to pay its debts.
More than 1000 farmers come forward to vent over what banks are not allowing, as inquiry ponders competition issues.
State-owned farming company, which trades as Pāmu, pays bonus after missing financial targets.
NZ Meat Workers Union national secretary warns other plants could follow suit as industry declines.
Dairy co-op CEO Miles Hurrell looks forward to sales process for $3.4b Consumer unit ‘kicked off before Christmas’.
The new facility will be the size of three rugby fields and capable of storing 26,000 tonnes of cheese.
The industry says it has been lobbying the Government on the issue for years with no effect.