Build-A-Bear Workshop Australia announced on 06 May that the company is no longer under administration.
CEO of Build-A-Bear Workshop, Gavin Port, said that the company-proposed Deed Of Company Arrangement was approved by creditors.
Port said that the business was able to save over 200 jobs and is, "very thankful for our partners’ support in ensuring the future of the business in Australia."
As part of the discussions, Build-A-Bear has also announced the re-opening of three store locations: Westifeld Marion (SA), Westfield Miranda (NSW) and Westfield Carousel (WA).
"We are very pleased to be able to continue offering the Australian guests with the unique experience Build-A-Bear has to offer," Port said.