kiwi crunch

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Kiwi Crunch, a major New Zealand apple grower and exporter, has entered liquidation owing over $53 million, raising financial concerns.

Kiwi Crunch, the second largest apple grower and exporter in New Zealand, has entered voluntary administration and is in liquidation, owing creditors more than $53 million. This collapse affects creditors and associated businesses like Rural Land Co, which is seeking unpaid rent. The financial difficulties have led to other companies moving in to acquire parts of Kiwi Crunch's cherry business.