Key facts
- Barbeques Galore, founded in 1977, has ceased operations.
- The company entered voluntary administration in February.
- Attempts to secure a rescue deal have failed.
- Approximately 500 employees will lose their jobs.
- 62 company-owned stores will close starting next week.
- Employee entitlements will be paid in full.
Barbeques Galore, an Australian retailer established in 1977, has announced its closure after failing to secure a rescue deal. The company entered voluntary administration in February, and despite hopes for a turnaround, negotiations with landlords and suppliers to reestablish acceptable commercial terms did not lead to any agreements.
The collapse will result in approximately 500 workers losing their jobs as 62 company-owned stores begin to shut down starting next week. Transitional arrangements are being made for the 27 franchisee-owned stores. The company has stated that all employee entitlements and benefits will be paid in full.
Analysts have described the demise of the iconic brand, known for its bright red logo and sales of BBQs and outdoor furniture, as a "tragic final chapter." Receivers had aimed to avoid liquidation, but the lack of viable deals has led to the decision to wind up the business, with assets scheduled for sale from June 16.