The Carlsbad-based Barbeques Galore, Inc., the world’s largest specialty retailer of barbecues and accessories, filed for Chapter 11 protection in US Bankruptcy court on August 15, 2008. The company operated 65 stores in the US and was in debt to the tune of $50 million, according to a story on Bloomberg.com.
Jeffrey Sears, chief executive officer of Barbeques Galore, said in a sworn statement that “the general collapse of the market from home sales” and the company’s inability to borrow from its bank lender or from Ironbridge forced it to seek bankruptcy protection.
Yep, take it off the grill. It’s definitely done.
[Link: Bloomberg.com]
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