An attempt to sell the troubled Barbeques Galore franchise has failed months after the Australian retailer collapsed into voluntary administration, with 62 stores expected to close and hundreds of jobs lost.
A recapitalisation deal which would have saved the iconic business has fallen through after the sale process did not secure any “offers capable of acceptance or implementation” and the company will be officially wound up on June 16, according to the firm that had led the sale process.
An attempt to save popular Australian retailer Barbeques Galore has failed. Supplied
It is expected that 62 stores will be closed and the remaining 27 franchise-owned stores will enter discussions about transitional arrangements.
Barbeque Galore’s…