sneakerboy liquidation

A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. We Ship to various locations throughout the USA and overseas. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Thank you for your understanding! I have been told that my order (319052) was going to be dispatched from their Melbourne store. Please look for an email from Hamilton Murphy outlining the actions around past orders. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. Kind regards, Sneakerboy. Twenty-two former employees have made claims for unpaid entitlements. Best source for liquidation merchandise and most innovative reverse logistics solutions. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. On Saturday, The Australian Securities and Investments (ASIC) published a notice stating Stephen Dixon of Hamilton Murphy Advisory has been tapped as administrator for Sneakerboy Pty Ltd and two related companies using the Sneakerboy name. But others are unlikely to be as fortunate. The retailer, which sells brands such as Alexander McQueen, Valentino, Dior, Nike and Adidas, was forced to close stores during lockdowns through 2020 and 2021. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. In one word: profits. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Say goodbye to paying extra. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! During these sales, you can pick up some awesome shoe liquidation truckloads at ridiculous prices. We thank you for your ongoing patience with us during this time and we look forward to resolving this for you.Kind regards,SNEAKERBOY, I recently ordered from the new essential drop and after purchasing, my items were put on backorder. The business, which sells shoes like Balenciaga and Canada Goose for well north of $1000, has faced scandals and multiple wind up orders in recent years. An application for the winding up of Sneakerboy Pty Ltd was commenced by the plaintiff Adidas AG (HRB 3868) on 16/03/2020 and will be heard as set out below. Here are 8 tips for writing great reviews. If you have any further questions please emailhelp@sneakerboy.comas this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY, Why does this company think its okay to cancel my delivery and move it to a store and tell me to go pick it up. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. If you have any further questions please emailhelp@sneakerboy.comas this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. Ive sent countless emails, Instagram messages and phone calls and no response, another said. What do you get in return? The move was confirmed in a notice of appointment released by the Australian Securities and Investments (ASIC) on Saturday, with Stephen Dixon from insolvency firm Hamilton Murphy Advisory chosen as administrator. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Also, in order to diversify your inventory, pick different kinds of truckloads so that your customers have more choice when they purchase. Therefore, you end up getting a great variety for your inventory at a fraction of the price. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. Our strategy focuses on delivering the highest recovery rates in the industry. Luxury sneaker and streetwear retailer Sneakerboy, which has shops in the Melbourne CBD and Chadstone, is facing liquidation after being taken to court by Adidas over an unpaid bill. Run this search agent and email me with matches: Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. Order says shipped but doesnt go through the process of courier picking package up.Poor business, I suggest everyone be careful purchasing from this company! Do you even give me a refund?My oder number 301662, Hi Kim,Thanks for your review.We're sorry to hear of this experience and assure you your refund request has not been lost.Please email help@sneakerboy.com for our team to action your refund urgently. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. $175,000.00. If its too far gone its a lot more difficult.. That's because when you purchase from conventional wholesalers, you have to purchase the same brand or product in bulk in order to get a discounted price. If you wanna cancel the order and refund, thats fine but atleast communicate. and Conditions, Privacy Luxury footwear and streetwear retailer Sneakerboy may have traded while insolvent for at least 18 months before it collapsed, and the management team lacked the financial expertise to stop its. Technology, diversification, multiple resale channels, demographics, worldwide supply and demand, 13+ years of experience, are just some of the parameters we use to optimize recoveries. Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, had external administrators appointed by Sydney-based financier Octet Finance, as well as to four. Hi Mel,Thank you for taking the time to review Sneakerboy. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. Looking for a new job or job candidate? These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. Until, they finally responded with "what do you want then? Well, we will say youre on the absolute right page. Sneakerboy, which operates three stores across Melbourne, has struck deals with both Adidas and the tax office to settle disputes covering close to $1.35m in unpaid bills and superannuation. Sneakerboy is about maximising retail space with online efficiency. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. Company is terrible and no one should shop from them or give them money. SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australias entrepreneurs, small and medium business owners and business managers. Still trading and accepting orders even if they are now in Administration. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. Still trading even if they are now in Administration. April 2, 2015. Please look for an email from Hamilton Murphy outlining the actions around past orders. Hamilton and Murphy liquidator Stephen Dixon said in a report to the Australian Securities and Investments Commission (ASIC) in December that Sneakerboy attributed its financial hardships to the pandemic. 1-800-593-8595 Toll Free or Local (FL) 954-964-3064. Octets charges over Sneakerboy and Luxury Retail Group include all present and after-acquired property no exceptions. Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. Scam! Hi Keira,Thank you for reaching out and taking the time to leave us a review.We pride ourselves in providing top tier customer service and are so sorry to hear that we missed the mark in this instance.We're sorry to hear that you are experiencing a delay, however during busy sales periods there may be increased processing and shipping time for customer orders. I have emailed them multiple times, I have also DMed on Instagram (which they have disabled comments on there posts) and still havent received a reply. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. Category. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. Quicklotzis among the top 5,000 fastest growing private companies in America. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Tried ringing the phone numbers on their website but no one picks up the phone. Toxic chemical threat to WA drinking water supply: Real threat, Australians warned to watch out for $198.82 myGov refund, Woman sued for quiet quitting while working from home, This Channel 7 reporter drove an EV from Brisbane to Cairns. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. I'll be contacting them confirming this and will be discussed with you guys on this public platform rather than the merky waters in your private emails, Hi Callum,Thank you for taking the time to review Sneakerboy. Profits!! Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. Moreover, these are high-quality goods with their original packaging and tags intact. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. To check whether the company was wound up following publication of this notice, search the ASIC database using the ASIC Connect function on ASIC's website www.asic.gov.au, Only notices after 01/07/2012 are available on this website. Unfortunately during busy sales period orders can be subject to additional processing and shipping times however we are working hard to get products out to our customers as quickly as possible.Please reach out to us at help@sneakerboy.com with your order number and SBiD and a member of our support team will be in touch with further information as a priority.Kind regards,Sneakerboy. Hi Eric,Thank you for taking the time to leave us a review.We're so sorry to hear that you haven't have a good experience with us here at Sneakerboy.Unfortunately - and like a lot of other businesses - we have been experiencing some delays in shipping orders due to extenuating factors outside our control. Administrators were appointed to Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, and four other related entities, including operating company Luxury Retail Group, on Saturday. Please look for an email from Hamilton Murphy outlining the actions around past orders. In a letter to creditors, dated December 12, 2022, insolvency and recovery businesses Hamilton and Murphy wrote that Fraser Group Australia had purchased the business after it went into administration. 1 review. Wholesale Athletic shoe Mix Nike,Asics,Mizuno,Brooks,Adidas,etc. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. After that i did receive a authentic pair, but this is ridiculous. And remember: our customer service reps are there to help and assist you at every stage of the buying process. Hi there.Thanks for taking the time to write us a review.We're currently experiencing high order volumes which have caused fulfilment delays. Add to Cart. so i decieded to email again and never got a response. Dixon estimated in the report it would take between 12 to 18 months to complete Sneakerboys liquidation. Our site will be temporarily unavailable during this time. 18March2021. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. SNEAKERBOY in Little Bourke Street. Cult shoe store Sneakerboy facing winding up action over unpaid Qld store rent A luxury shoe and streetwear retailer with stores down the east coast is facing liquidation after its Gold Coast landlord took it to court for failing to pay rent for more than a year. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. The administrator will now assess the ongoing viability of the business as he assesses the ability of the companies to continue to operate as a going concern. It comes after the companies faced more than 10 wind up orders over the last three years, including from Adidas, the Victorian Commission of State Revenue and AMP Pacific Fair (the operators of the Gold Coast Pacific Fair shopping centre where Sneakerboy had a retail store). Five companies were included on the notice, Sneakerboy Pty Ltd and two related companies under the Sneakerboy name, and Luxury Retail Treasury Pty Ltd and Luxury Retail Group Pty Ltd (Sneakerboys parent company). 2023 RLA Excellence Awards Winner: 'Innovation Solutions Partner' Read the Press Release. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Clothing . James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. JA. Part of Retail Week 2021. There are no funds available, nor is there any Sneakerboy stock remaining, which could be used to utilised to satisfy any outstanding orders or process refunds, the letter said. Together we have achieved this milestone in the history of ourcompany." However, it had failed to confirm their intentions to fulfil prepaid orders, accept gift vouchers or honour any exchanges or refunds. This has to be the biggest joke. Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. Add to Cart. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. The company operates three retail stores in Melbourne and one in Sydney, along with an online retail portal. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. Help using this website - Accessibility statement, Sneakerboy, which sells high-end footwear brands such as Balenciaga for more than $1000 a pair, had external administrators appointed by Sydney-based financier Octet Finance. Weekly Innovative Reverse Logistics solutions to retailers of all sizes anywhere in the world. Sneakerboy closed its Brisbane store and removed its listing from its website in early April, leaving it with three stores in Victoria, at Southwharf DFO, Chadstone Shopping Centre and a flagship store on Little Bourke St, as well as a store on George St, Sydney. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. The retailer, which sells brands such as Alexander McQueen, Valentino, Dior, Nike and Adidas, was forced to close stores during various lockdowns through 2020 and 2021. The phone number associated with Luxury Retail Group was also disconnected. Sneakerboy previously fell intovoluntary administration in 2015,owing to conflicting interests of director and shareholders, administrator Michael Carrafa of SV Partners told SmartCompany at the time. Heres why it wasnt all smooth sailing, Not looking positive: Drastic measures Aussies are taking to find a rental, Cost of living crisis laid bare as metric indicates worst outcome since early days of pandemic, A $60 payment appeared in this Aussie mums bank account. The RBA has warned Australians to prepare for inflation to hit 7 per cent by the end of 2022, well above its target range of between 2 and 3 per cent. I have sent emails and messages to there instagram and have still not got a response. I even bought an essentials jumper they created a courier document and it still has not been sent. Daily The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. These discussions are now being urgently escalated by the administrator as part of the voluntary administration process.. We will be providing an update on the status of your order as it progresses, however if you wish to cancel your order as a result of these delays, please email us at help@sneakerboy.com and we will respond as soon as we can. Our experienced Team is Ready to assist you. The first creditors meeting will be held next week on Wednesday, July 13 at 11am. Simon Johanson. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. The voluntary administration appointment has been made due to short-term financing difficulties being experienced by the company, administrators Hamilton Murphy said in a statement. Simon Johanson. Anything you order from their website doesnt actually exist in their warehouse, yet they continue to take orders and never respond to your emails, one angry customer on Trustpilot said. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? I realised then they were taking our money then paying nike before Nike would give them the stock. An application to wind up Luxury Retail Group was made by Melbourne-based Banjo Loans holding company FundIT Limited in June in the Supreme Court of Victoria. The company did score a legal win in 2020,after the Supreme Court of NSW ruled Sneakerboy be granted at least six months of breathing room to recover from Covid-19 business closuresbefore its landlord moved to evict the retailer or raise its rents. . An investigation is now underway to determine whether Sneakerboy traded while insolvent. The business, which sells shoes like Balenciaga and Canada Goose for well north of $1000, has faced scandals and multiple wind up orders in recent years. Struggling luxury footwear and streetwear retailer Sneakerboy has had external administrators appointed by a Sydney-based finance group, as a number of companies within the retail group face wind-up actions across Australia. Please look for an email from Hamilton Murphy outlining the actions around past orders. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. The retailer, which sells. Just a week before Sneakerboy collapsed, with $17.2 million owed . I will not be shopping again and will be taking this further! It's been a month since I ordered and I got nothing. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. Still hasnt arrived. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. This is an absolute lie. I then Dm their instagram to not get a response either. The retailer sells luxury sneakers, priced at up to $1600 for a pair of Giuseppe Zanotti sneakers, online and through two stores in Melbourne and Sydney. Sneakerboy was contacted for further comment. They created a fake tracking number and the item was never sent. The Reserve Bank of Australia is tipped to increase the official cash rate by 0.5 percentage points on Tuesday, following an equivalent rate rise in June, and a 0.25 percentage points rise in May. Lotz International, LLC. I will not be collecting the item as I do not have the time, hence why I paid for delivery in the first place. Thank you for your understanding! The outlet is well-known among sneakerheads and streetwear fans nationwide for its expansive range of new and vintage footwear and its elaborate store fit-outs. Our liquidation truckloads are sourced from some of the largest retailers in the United States. $499.00. An application to wind-up Luxury Retail Group was made by Melbourne-based Banjo Loans holding company FundIT Limited in June in the Supreme Court of Victoria. Find out how we combat fake reviews. Worst experience I have ever had with a retailer. At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. Messages left on instagram, seenzoned. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. Please look for an email from Hamilton Murphy outlining the actions around past orders. Home; Nike . Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. Customers at a luxury Australian sneaker store are unlikely to receive compensation for shoes they bought, and didnt receive, shortly before the store went into administration. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. We apologise as we are receiving a large volume of enquiries around shipping delays and we have not been able to commit to our usual response times which we understand is frustrating. You'll also receive messages on behalf of our partners. Too much lies! Cult shoe store Sneakerboy facing winding up action over unpaid Qld store rent A luxury shoe and streetwear retailer with stores down the east coast is facing liquidation after its Gold Coast landlord took it to court for failing to pay rent for more than a year. Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. Nationwide News Pty Ltd 2023. Jun 17, 2022. Consumers and Resellers all over the world, We ship LIQUIDATION MERCHANDISE domestically and internationally. It's been out for delivery now for over a week and the delivery carrier has told me they have not requested a shipping label yet and they cant pick it up. Email Max Mason on max.mason@afr.com from a secure non-work device. EST 2012 | Established in 2013 as an innovative hybrid model that fuses the best physical elements of bricks-and-mortar with . Hi,Thank you for taking the time to leave us a review and share your experience with us.Here at Sneakerboy we pride ourselves with providing topnotch customer service and a seamless and easy shopping experience and we're so sorry to hear this is not the case.Unfortunately during busy sales events there can be delays in picking and shipping orders and apologise that this has inconvenienced you.Please reach out to us at help@sneakerboy.com with your order number and SBiD and someone will be in contact with you as a priority to look into your order status for you.Kind regards,Sneakerboy, Ordered online last May 26, 2022. Hi Evelyn,Thanks for taking the time to share your review. By David K. Li and Pei-Sze Cheng / Workplace Matters, No one has called me and I cant get in touch with anyone to even get an update.. Copies of documents filed may be obtained from the plaintiff's address for service. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. HI Reian,Thank you for taking the time to share your experience with us.We're sorry to hear that you have not yet received your order. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. Do you know more? SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. The first question most of you will have is: where do I buy my inventory? But is this really the case? *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Poor culture and poor management, Hi Andy,Thanks for your review.We appreciate this feedback and we're sorry to hear we have not provided the best experience with your order. Hi Jo,Thank you for taking the time to review Sneakerboy. Reasons, Why Liquidators are the Best Wholesale Suppliers today? Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. Hamilton Murphy said the collapsed companies had previously held discussions with interested parties to sell the business.