A deal to resurrect the speciality retailer from financial failure has collapsed - a development that will lead to its closure.

The collapse is expected to result in 62 stores closing, and transitional arrangements put in place for the 27 franchisee-owned and operated stores.

Barbeques Galore will shut 62 stores across the nation after a last ditch deal to save the struggling retailer fell through.

It will shut its 62 company-owned stores in the coming weeks and working through "transitional arrangements" with 27 stores owned by franchises, with hundreds of staff facing…

A deal to resurrect the speciality retailer from financial failure has collapsed - a development that will lead to its closure.

More than 60 Barbeques Galore stores across Australia are set to close within weeks after a rescue deal failed.