Barbeques Galore
Encyclopedia
Barbeques Galore is an Australia
n and U.S. chain of retail stores specializing in barbecue grills, accessories and consumables
. There are 40 stores in the United States of America. The US business was recently purchased by Grand Home Holdings Inc.
Barbeques Galore represents Lynx, Twin Eagles, Weber, as well as produces in its own factories the Barbeques Galore brand of proprietary products known as Turbo, Turbo Elite, Turbo STS and Grand Turbo. In addition, the company is introducing its patented infrared cooking system "Crossray" and will introduce a new line of grills engineered and designed by Porsche Design Studio.
's outer western suburbs in 1972. The first company store opened in 1977. The company expanded to the United States in 1980, opening a store in Sante Fe Springs, California, a suburb of Los Angeles. The firm concentrated initially on warm-weather US states such as California, Nevada, Arizona, Hawaii, Texas, Georgia and Florida. Later they ventured into more seasonal markets such as North Carolina, Virginia, Maryland and Washington DC. After ten years as a listed company on the Australian Stock Exchange
, Barbeques Galore delisted in 1996, and soon after listed on the US NASDAQ
. In late 2005, the firm was delisted from the NASDAQ after a leveraged buy-out by Australian venture capital firm, Ironbridge Capital
.
Ironbridge Capital split the Australian and US arms of the business into two separate entities (but retained ownership of both).
Following a severe downturn in business in the US, partly attributed to the fall in new housing on the back of the sub-prime mortgage crisis, Barbeques Galore USA filed for protection under Chapter 11 on August 15, 2008. Barbeques Galore US assets were purchased by Grand Home Holdings Inc. on September 12, 2008. The US company is currently liquidating all of its retail outlets east of Texas, including Maryland, Virginia and Georgia.
According to documents filed in US Bankruptcy court, the company will continue to exist as Barbeques Galore as owned by Grand Home Holdings Inc. operating 40 stores in California, Arizona and Texas.
The retail stores going forward are honoring all warranties, existing store credits or gift cards purchased prior to and after the Chapter 11 filing. This is unusual as it is not a requirement for the new ownership purchasing the assets and the intellectual property of the business.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n and U.S. chain of retail stores specializing in barbecue grills, accessories and consumables
Grill (cooking)
A barbecue grill is a device for cooking food by applying heat directly from below. There are several varieties of such grills, with most falling into one of two categories: gas-fueled and charcoal. There is a great debate over the merits of charcoal or gas for use as the cooking method between...
. There are 40 stores in the United States of America. The US business was recently purchased by Grand Home Holdings Inc.
Barbeques Galore represents Lynx, Twin Eagles, Weber, as well as produces in its own factories the Barbeques Galore brand of proprietary products known as Turbo, Turbo Elite, Turbo STS and Grand Turbo. In addition, the company is introducing its patented infrared cooking system "Crossray" and will introduce a new line of grills engineered and designed by Porsche Design Studio.
History
Barbeques Galore was started in a garage in SydneySydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
's outer western suburbs in 1972. The first company store opened in 1977. The company expanded to the United States in 1980, opening a store in Sante Fe Springs, California, a suburb of Los Angeles. The firm concentrated initially on warm-weather US states such as California, Nevada, Arizona, Hawaii, Texas, Georgia and Florida. Later they ventured into more seasonal markets such as North Carolina, Virginia, Maryland and Washington DC. After ten years as a listed company on the Australian Stock Exchange
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
, Barbeques Galore delisted in 1996, and soon after listed on the US NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
. In late 2005, the firm was delisted from the NASDAQ after a leveraged buy-out by Australian venture capital firm, Ironbridge Capital
Ironbridge Capital
Ironbridge Capital is an Australian equity firm which provides equity for Australian and New Zealand businesses. It invests in buyouts and expansions of medium to large sized businesses. Ironbridge was founded in 2003 by Neil Broekhuizen, Paul Evans, Julian Knights and Greg Ruddock, who...
.
Ironbridge Capital split the Australian and US arms of the business into two separate entities (but retained ownership of both).
Following a severe downturn in business in the US, partly attributed to the fall in new housing on the back of the sub-prime mortgage crisis, Barbeques Galore USA filed for protection under Chapter 11 on August 15, 2008. Barbeques Galore US assets were purchased by Grand Home Holdings Inc. on September 12, 2008. The US company is currently liquidating all of its retail outlets east of Texas, including Maryland, Virginia and Georgia.
According to documents filed in US Bankruptcy court, the company will continue to exist as Barbeques Galore as owned by Grand Home Holdings Inc. operating 40 stores in California, Arizona and Texas.
The retail stores going forward are honoring all warranties, existing store credits or gift cards purchased prior to and after the Chapter 11 filing. This is unusual as it is not a requirement for the new ownership purchasing the assets and the intellectual property of the business.