Rescue plan for Barbeques Galore to save 500 jobs

Rescue plan for Barbeques Galore to save 500 jobs

The deed of company arrangement from Gordon Brothers, which bought Barbeques Galore in December, provides for unsecured creditors, mainly suppliers, to receive just 7¢ and 15¢ on every dollar owed.

Barbeques Galore set to exit administration under lender Gordon Bros

The iconic retailer will continue as going concern under owners Gordon Brothers.

Barbeques Galore to emerge from receivership under same owner

The proposal, which is subject to creditor approval, will revive the barbeque and outdoor furniture business after a three-month sales process. The post Barbeques Galore to emerge from receivership under same owner appeared first on SmartCompany.