Pizza chain Eagle Boys collapses into administrationMax Mason Hubers Eagle Boys franchise numbers have halved in Australia in recent years. Eagle Boys, once the Australia's third largest pizza chain, has collapsed into voluntary administration. Eagle Boys branched into the New Zealand market in 1996, but was sold in 2000. "For Eagle Boys customers, franchisees, employees and suppliers it's 'business as usual' while the Administrators' review is underway," the company, founded in 1987, said in a statement. BusinessDay revealed last year that at least 30 Eagle Boys franchisees, many who had become insolvent or bankrupt, were mulling legal action against head office, with a class action on the cards.

Source: Stuff July 19, 2016 01:17 UTC