The Australian franchisor of Eagle Boys, Eagle Boys Dial-a-Pizza, has closed 13 company-owned stores, just over a week after the pizza chain was placed in voluntary administration.
In a statement, Eagle Boys said the closure of the company-owned stores in Queensland, New South Wales and Western Australia is part of an ongoing review to identify cost saving restructuring measures with the aim for positive growth.
All franchised Eagle Boys stores remain under the control of individual franchisees and continue to trade as per normal, with “most stores experiencing record sales during the past week”, according to the pizza company.
SV Partners were appointed administrators last week, taking control of head office’s day to day operations. At the time SV Partners said it would be “business as usual” for franchised stores.
SV Partners have since confirmed they have received enquiries from a number of interested parties since their appointment on Thursday, July 14 and said they are “hopeful of a swift sale”.
Eagle Boys is understood to operate around 100 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 the appointment of administrators.
C&I Week contacted Eagle Boys for comment but did not respond prior to publication.
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