Could this be the end of Australian Barbeques (Galore)?
Last Thursday Barbeques Galore sadly announced that they have entered voluntary administration. The financial collapse sadly is just another casualty in the ongoing cost of living crisis and growing inflation the world is experiencing. The Aussie outdoor retailer currently has 68 company-owned stores across the country, however thankfully 27 franchisee operated stores will be spared and unaffected by the voluntary administration.
Barbeques Galore had been experiencing liquidity issues and had been acquired but a US private equity firm but it appears nothing was able to save the Aussie retailer. A debate has begun online as to how this may have happened, many…