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…
An award-winning, family-run Sydney construction firm has collapsed into insolvency after almost 50 years in business. Novati Constructions, founded by Peter Novati in 1971, entered voluntary administration this week, The Daily Telegraph reported, with administrators from Worrells appointed to take control. Second-generation family members Luisa and Marco Novati are listed as company directors; according to…
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Barbeques Galore has appointed Grant Thornton as voluntary administrators as the retailer grapples with liquidity challenges, with receivers now tasked with restructuring or potentially selling the business. The Australian barbeque and outdoor lifestyle retailer operates 68 company-owned stores and 27 franchise locations nationwide and employs around 500 staff across its retail and operational network. Gift…
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Barbeques Galore enters voluntary administration: 500 jobs at risk, gift cards slashed The Economic Times Read the original article here
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Iconic Australian retailer Barbeques Galore has collapsed into receivership, putting approximately 500 jobs at risk. The company, which operates 68 company-owned stores and 27 franchise stores, cited cashflow issues as the reason for its voluntary administration. Receivers have been appointed to assess options for restructuring or selling the business. Despite the restructuring process, the company…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…