Hundreds of Barbecues Galore workers face an uncertain future after the iconic Aussie chain announced it would shut 62 of its stores, following the collapse of a last ditch deal to save the struggling retailer.
Barbeques Galore went into voluntary administration in February this year.
Plans for Gordon Brothers to recapitalise the business under a proposed deed of company arrangement failed to secure commercial trading terms with suppliers.
The Gordon Brothers proposal to stop the group from winding up or entering liquidation was supported by creditors but negotiations with counterparties, including landlords and suppliers, failed to reach acceptable commercial trade terms.
The proposal included a $5m payment for creditors that would no…