Australia’s largest barbecue and outdoor furniture retailer, Barbeques Galore, has entered voluntary administration and receivership, placing around 500 jobs in jeopardy as the business searches for a buyer or restructure plan.
Grant Thornton partners Philip Campbell-Wilson, Lisa Gibb and Matthew Byrnes were appointed voluntary administrators on Thursday, citing ongoing liquidity challenges.
At the same time, secured creditor-appointed receivers Quentin Olde, Luke Pittorino and Liam Healey of Ankura stepped in as receivers and managers.
The 49-year-old retailer operates 68 company-owned stores and 27 franchise outlets nationwide. Franchisees are not impacted by the appointments, and stores will continue to trade while…