Barbeques Galore, Australia’s leading barbecue and outdoor furniture retailer, has filed for voluntary administration, putting approximately 500 jobs at risk. The appointment of a voluntary administrator followed serious cash flow issues within the company. Store gift cards have been significantly diminished in value, now only redeemable at one-third of their face value.
Company Overview and Financial Struggles
Barbeques Galore operates 68 company-owned stores and manages 27 franchise locations across Australia. The global consulting firm Ankura has been designated as the receivers and managers of the company. A first meeting for creditors is set for February 24.
Barbeques Galore’s…