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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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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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…
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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,…
IRD crackdown drives liquidations to 15-year high hcamag.com Read the original article here