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Primary Industries
4 mins to read
3

Cherri Global’s new owner seeks loan as previous debts confirmed

Wade Glass says he has ‘absolutely not’ fallen out with his business partner.

Cherri Global was set up by Rockit Apples founder Phil Alison in 2017 but struggled to fund debts taken on for development.

Karyn Scherer Tue, 18 Mar 2025

The new owner of Central Otago cherry business Cherri Global is seeking to refinance the business, as liquidators have confirmed its previous owners owed more than $42 million to unsecured creditors.

Auckland businessman Wade Glass said yesterday he did not want to discuss the deal struck with

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Karyn Scherer Tue, 18 Mar 2025
Contact the Writer: karyn@nbr.co.nz
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Tags
Cherri Global cherries Wade Glass Paul Southam Merricks Capital Toroa Capital
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