Barbeques Galore has entered voluntary administration.
This new development comes after the company failed to find a new buyer.
Details of Barbeques Galore’s Voluntary Administration
According to a report by ABC News, Grant Thornton has been brought in as voluntary administration, while receivers from Ankura have already been appointed.
Liquidity issues have also been cited as a reason for the company’s collapse.
CEO David White said that “Management was excited to turn around the business and move to the next evolution of the brand.”
“Considerable progress has been made in recent months, leading to significant improvements across the business and operations; however, ongoing liquidity challenges have led to…