Barbeques Galore, Australia’s largest barbecue and outdoor furniture retailer, has entered receivership and administration amid cash-flow problems, risking about 500 jobs across roughly 95 stores including 68 company-owned and 27 franchise locations.

A secured creditor appointed Ankura as receivers to keep operations running while pursuing restructuring or a potential sale.

The update was reported by The Sydney Morning Herald on February 12, 2026, with the article originally published earlier that day.

Customers can only redeem gift cards by spending twice their value in cash, effectively requiring additional payment for orders; paid orders will be fulfilled if stock is available.

The company has a complex ownership history, including a NASDAQ listing in the late 1990s and 2000s, ownership by Ironbridge Capital and Quadrant, and a later sale to Gordon Brothers for a nominal amount.

The core issue is insufficient cash holdings, triggering restructuring or a potential sale to address liquidity pressures.

The Australian arm is undergoing restructuring amid broader financial pressures that have affected the group, following prior US bankruptcy during the financial crisis.

Two months before receivership, Barbeques Galore was sold to US private equity group Gordon Brothers, which specializes in troubled assets.

Grant Thornton has been appointed as voluntary administrators to oversee the process, led by partners Philip Campbell-Wilson, Lisa Gibb, and Matthew Byrnes.

Management remains cautiously optimistic about turning the business around despite liquidity challenges.

Franchise operations are not expected to be affected by the receivership and restructuring.

A creditors’ meeting is planned for February 24, with Ankura appointed as receivers and managers to oversee the process.