Barbeques Galore is closing after a rescue deal intended to restart the retailer’s operations following financial failure collapses. Multiple outlets report that the failed arrangement leaves the company unable to continue trading, resulting in the planned shutdown of its stores. Reports state the business is nearing the closure of around 62 locations, reflecting the scale of its retail footprint. The collapse also is expected to affect employment across the chain, with estimates of up to 500 job losses. One account describes the rescue as multimillion-dollar and aimed at keeping the nearly 50-year-old specialty retailer in operation, but it did not succeed. The stores are set to shut following the end of the proposed restructuring effort, with impacts for workers and customers resulting from the termination of the plan to stabilise the business. All sources frame the development as the final step after financial distress and the failure of attempts to resurrect the company, rather than a change in ownership leading to continued trading.