Barbeques Galore will close 62 company-owned stores across Australia as a failed rescue deal collapses, putting about 500 jobs at risk as the network moves toward wind‑down.

Gordon Brothers, acting as distressed-asset investor, took control from the secured lender in October and acquired Quadrant’s stake in December.

Receivers Ankura confirmed no viable offers to acquire or recapitalise the business, leading to winding up effective mid‑June 2026.

Employees are set to receive full entitlements, including redundancies and termination payments, as the wind‑up proceeds.

Around 500 staff are expected to receive their full entitlements as part of the liquidation process.

Creditors supported a rescue in principle, but terms with landlords and suppliers proved commercially unacceptable, triggering administration and receivership since February.

Customer deposits will be honoured normally during the winding‑up process.

Gift cards will be honoured only until June 30, with a two-for-one redemption ratio requiring customers to spend double the card value in cash for redemption; after June 30, gift cards become non-redeemable.

Quadrant Private Equity owned the business since 2012 and took a $5.6 million dividend in 2024 despite ongoing losses.

The update was published on June 9, 2026, in the early afternoon, with initial reporting a few minutes earlier.

ASIC accounts in December flagged going‑concern risks due to ongoing losses, negative current assets versus liabilities, and fragile financing.

The proposed deed of company arrangement would have paid creditors $5 million, a sum now unlikely to be paid.