The Eagle Boys pizza chain has been placed in voluntary administration with SV Partners assuming control of head office day-to-day operations, who are focused on maintaining the business and continuing negotiations for a sale of the business.
The pizza chain’s board of directors confirmed the Australian head franchisor has been placed in voluntary administration as of last Thursday, though the decision does not extend to franchisees; with all “Eagle Boys stores remaining under the control of individual franchisees and will continue to operate normally,” the company said in a statement.
SV Partners are in the process of identifying restructuring measures while the national franchise remains on the market for sale.
Meanwhile, Retail Food Group has been quick to respond to speculation that is was interested in taking over the Eagle Boys chain.
The owner of Crust Gourmet Pizza, Pizza Capers and Michel’s Patisserie said it was not currently engaged in any discussions with the owners or administrators of the Eagle Boys franchise system in a statement.
The food franchisor also reiterated that acquisitive activity remains a central feature of RFG’s strategic growth platform.
“The company remains motivated to pursue opportunities in respect of complementary businesses which are EPS accretive, capable of generating increased supply-side scale and enhance the number of brand systems and outlets owned or serviced by the company,” RFG said in the statement.
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