The head office of Australian pizza chain Eagle Boys has been placed in voluntary administration.
The Eagle Boys Dial-a-Pizza Pty Ltd (Eagle Boys) board of directors confirmed SV Partners had been appointed administrators and assumed control of Eagle Boys’ head office operations as of last Thursday night (July 14).
Eagle Boys is understood to operate around 120 franchised stores nationwide. Eagle Boys also operates Eagle Boy Express, a smaller store format located within convenience stores, petrol stations, airports and shopping centres.
In July last year Eagle Boys Express partnered with BP to offer a range of Express pizzas throughout BP’s national network of Wild Bean Cafes. It is not yet known if Eagle Boys’ partnership with BP will be impacted following its appointment of administrators.
“Business as usual” for stores
In a statement Eagle Boys said the appointment of administrators does not extend to franchisees; with all Eagle Boys stores remaining under the control of individual franchisees and will continue to operate normally.
“Eagle Boys stores across Australia will continue to trade during this process. For Eagle Boys customers, franchisees, employees and suppliers it’s ‘business as usual’ while the administrators’ review is underway,” the company said.
The administrators are currently in the process of identifying restructuring measures “with a focus on maintaining business as usual” ahead of a possible sale of the business.
Eagle Boys, an Australian-owned and operated company began as a single pizza store in Albury, NSW in 1987 and has grown to become one of Australia’s largest pizza makers, with stores across Queensland, NSW, Victoria, South Australia, Western Australia, the ACT and Northern Territory.
In September last year Eagle Boys launched its new ‘Store of the Future’ concept in a Bundaberg store in Queensland which at the time was planned to be rolled out across the network.
Eagle Boys said the management team is looking forward to the prospect of growing the brand under new ownership and would like to thank Eagle Boys customers, franchisees and team members for their ongoing support during this time.
C&I Week contacted Eagle Boys and BP for comment but did not receive a response prior to publication.
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