Around 500 jobs are now at risk.
Iconic Australian retailer Barbeques Galore has collapsed into receivership, putting hundreds of jobs at risk.
The company said in a statement today that cashflow issues have forced it to go into voluntary administration, and receivers have subsequently been appointed.
Those receivers – Quentin Olde, Luke Pittorino and Liam Healey of Ankura – are seeking to either restructure or sell the business.
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The retailer operates 68 company-owned stores and 27 franchise stores throughout Australia, employing approximately 500 staff across its operations and store network.
Barbeques Galore CEO David White said management was "excited" to turn around the business and move to the next evolution of the brand when he moved into his role in 2025.
"Considerable progress has been made in recent months leading to significant improvements across the business and operations, however ongoing liquidity challenges have led to the necessary restructuring of the business," White said.
The business and retail stores, including the franchise stores, will continue to operate as normal.
The franchisees are not impacted by the appointments and restructuring process.
The company said any in-store or online orders that have been paid for in part or fullwould be honoured in the ordinary course unless stock is unavailable to fulfil orders.
The company will still accept gift cards as long as customers spend an extra $2 for every $1 they want to redeem from their voucher.
For example, to redeem a $50 gift card, a customer will need to make a total purchase of $150 and $100 must be paid after applying the gift card credit.
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The receivers said Barbeques Galore would continue normal operations for the time being while it weighs up selling or restructuring the business.
"Barbeques Galore is an iconic Australian business and operates a successful national retail network selling premium products," Olde said.
"We expect strong interest from both retail operators and strategic financial investors seeking to participate in its future.
"The business will continue to trade as normal under the control of the receivers with the guidance of David White and the Barbeques Galore team while we assess options for its future."
The company will still honour gift cards as long as the customer spends $2 for every $1 redeemed from the voucher.
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