Barbeques Galore has plunged into receivership after efforts to find a buyer for the business failed.
Barbeques Galore was founded by Max Mason in Sydney and the outdoor retailer has been synonymous with the Aussie barbecue since the 1970s.
Receivers from global advisory firm Ankura were appointed on Thursday morning, with Grant Thornton brought in as voluntary administrator.
The receivers assured customers that in-store and online orders that had been paid for, or part-paid for, would be honoured.
Franchises are not expected to be impacted by the appointments and restructuring.
However, customers can only use their gift cards if they spend twice the card’s value in cash.
There are 68 company-owned stores and 27 franchise stores.
“Receivership…