In a surprise twist, it’s been revealed that Australia’s Build-A-Bear Workshop stores have been saved and will no longer face closure.
Back in March, the popular children’s chain store announced that it was going into voluntary administration - devastating Build-A-Bear fans across the country.
However in a shock development, the company’s CEO Gavin Port announced that a Deed of Company Arrangement had been approved by creditors - meaning the company had been salvaged with three stores now set to re-open.
‘[We are] very thankful for our partners’ support in enduring the future of the business in Australia,’ Mr Port said in a statement.
‘We are very pleased to be able to continue offering the Australian guests with the unique experience Build-A-Bear has to offer.’
The three stores set to re-open being Miranda in NSW, Carousel in WA and Marion in SA. The new development will save 200 local jobs.
