UK Shopping Giant Barbeques Galore Collapses After Rescue Talks Fail

Australian retailer Barbeques Galore has gone out of business after attempts to revive the struggling chain failed, leaving about 500 workers without jobs, BBC News reported.

A Barbeques Galore storefront in Australia, part of the retail chain now entering liquidation after failed restructuring efforts. (Photo: Dempsey122, Wikimedia Commons)

Founded in 1977 by Max Mason, the chain — which sells BBQs and outdoor furniture — went into voluntary administration in February. A rescue deal was attempted, but this week the company said those efforts had reached a dead end.

From next week, 62 company-owned stores will begin closing, with “transitional arrangements” for 27 franchisee-owned stores. All staff will be paid their entitlements, the company said.

With its bright red logo, the chain’s collapse has been described by analysts as a “tragic final chapter” for an “iconic” brand.

In a statement, the company said receivers had hoped to avoid winding up or liquidation and had proposed negotiating with landlords and suppliers to “reestablish acceptable commercial trade terms moving forward.”

However, those talks did not result in any agreements, and the chain will be wound up, with assets to be sold from June 16.