Barbeques Galore, With Three Metro Atlanta Stores, Files for Bankruptcy in California And Will Liquidate
From Bloomberg.com
Barbeques Galore Inc., a closely held retailer of barbeque grills and accessories in the U.S. and Australia, filed for bankruptcy, citing a decline in home sales, a ``trigger'' for its grill sales. The petition for Chapter 11 protection, filed Aug. 15 in U.S. Bankruptcy Court in California listed assets and debts of $10 million to $50 million each. Barbeques Galore estimated it has from 1,000 to 5,000 creditors and said that it plans to sell the company or form ``a consensual liquidating plan'' with its bank lenders.
According to its website, the company has stores in Duluth, Alpharetta and on Roswell Road in Atlanta.
They are getting exactly what they deserve.
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