By RNZMajor apple grower and exporter Kiwi Crunch Hawke’s Bay has entered voluntary administration, alongside several other associated companies.According to i…
NZ Herald ·
another couple of brands down the tubes. wonder who's next lol.
fkn hell, 450 hectares and still can't make it work. somethings rotten in the apple industry
ppl don't realise how tight it is. one bad season and you're done. banks don't care.
workin in the orchards for 15yrs, seen this coming a mile off. oversupply and margins gettin crushed. bloody shame for the seasonal workers tho.
yep my cousin worked there, twiddling her thumbs now. no backup plan.
classic, sell the company off to some private equity mob and they just bleed it dry. never about the fruit, always about the dollars.
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they'll probably get a payout while the rest of us get chump change. always the way
wait so are the apples gonna be cheaper now or what? asking for a friend whos broke lol
lol yeah nah, apples gon be $12 a kilo next week watch
terrible news for hawkes bay, we already lost so many packing jobs last year. my neighbours both work there, devo for them
voluntary admin is just code for 'we owe a shitload and the bank is calling'. owners probably already offshore with cash.
yep another nail in the region's coffin. govt just sits on its hands while good kiwi businesses go under. sigh.
get real mate, govt can't prop up every orchard that fails. it's called capitalism.
hope the workers get their holiday pay sorted before the liquidators come knocking. seen that movie before.
too right, seen too many companies u-turn and screw the little guys on the way out
