Barbeques Galore has gone bust, 500 jobs are up in the air and gift cards for the franchise stores have been slashed to one-third of their value.
A voluntary administrator was appointed on Thursday, citing cash holdings as the largest issue for flailing business.
Australia’s largest barbecue and outdoor furniture retailer oversees 68 company-owned stores and 27 franchise stores across Australia, with about 500 staff.
The voluntary administrator and receivers say the business will need to be restructured or sold.
Anyone holding vouchers for the store will need to pay…