EAGLE Boys Pizza has collapsed into voluntary administration.
The nation’s third-largest pizza chain behind Domino’s and Pizza Hut confirmed the news in a statement on its website on Friday afternoon.
“The Eagle Boys Dial-a-Pizza Pty Ltd (Eagle Boys) Board of Directors confirm the Australian Head Franchisor has been placed in Voluntary Administration as of Thursday evening 14 July 2016,” the statement said.
“This does not extend to franchisees — all Eagle Boys stores remain under the control of individual franchisees and will continue to operate normally.”
Administrators SV Partners have taken control of the day-to-day running on the business and will attempt to negotiate a sale.
“The administrators are in the process of identifying restructuring measures,” it said.
“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 Eagle Boys national franchise remains on the market for sale.
“The Eagle Boys management team is looking forward to the prospect of growing the brand under new ownership and would like to thank Eagle Boys customers,…
