Eagle Boys collapse: What it means for Bundaberg
AUSTRALIAN company Eagle Boys has confirmed the news that they have gone into voluntary administration.
The company said Eagle Boys stores will remain under the control of individual franchisees and will continue to operate normally.
A Bundaberg store manager, Jarred Taylor-Muller, said the Bundaberg and Bargara stores would be trading normally.
"We're open and trading as usual," he said.
"It hasn't affected any running issues."
Mr Taylor-Muller said the stores wouldn't be closing any time soon.
"We're still open, we're not closing," he said.
Administrator's SV Partners has assumed control of Eagle Boys' head office day-to-day operations, with a focus on maintaining business as usual and continuing with negotiations for a sale of the business.
The administrators are in the process of identifying restructuring measures.
The Eagle Boys management team said it was 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.
Mr Jarred Taylor-Muller said anyone looking for jobs could still lodge their applications with Eagle Boys.