At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. This is an absolute lie. Quicklotzis among the top 5,000 fastest growing private companies in America. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Clothing . Our liquidation truckloads are sourced from some of the largest retailers in the United States. As a student, this is really, truly heart-breaking. In 2020, Sneakerboy took its landlord, Georges Properties, to court after it was locked out of its Sydney store over a rental dispute after it renegotiated leases under the Retail and Other Commercial Leases (COVID-19) Regulation, which provided concessions to retailers forced to close during lockdowns. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. 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. 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. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. 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James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. Find out how we combat fake reviews. SNEAKERBOY PTY LTD (IN LIQUIDATION) 161 754 463 | Creditors' Voluntary Liquidation | Appointment | | Published : 10/04/2015 | ASIC Notice Details Save Search Home > Browse/search notices > Notice Details Decrease text sizeIncrease text size Printer friendly formatEmail this page Notice Back to search result Corporations Act 2001 - Sam Pires, CEO. AU. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with . Kind regards,Sneakerboy. Daily Reasons, Why Liquidators are the Best Wholesale Suppliers today? I would give no stars if I could. Twenty-two former employees have made claims for unpaid entitlements. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. They dont have stocks but still advertising and accepting orders. 2023 Quicklotz With our versatile shoe liquidation truckloads, you can run your very own part-time or full-time business you always dreamed of. When you purchase your shoe liquidation truckloads from us, you get them at a much cheaper price than what is offered in the market. Hi Caroline,Thank you for taking the time to review Sneakerboy. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. No update. I am furious!!! Company is terrible and no one should shop from them or give them money. Post jobs and search for local talent on 7NEWS Jobs >>. I now realise that I have been scammed - no reply to my emails seeking a refund, no update as to my order status, and I am out of pocket hundreds of dollars. Im not sure what to do as theyre not even responding to emails. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". They didnt send my order bought in May. A hearing in the Melbourne Supreme Court on Thursday heard Sneakerboy and Adidas were working on a deal to settle the matter. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. A creditors meeting will be held July 13. 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. The first creditors meeting will be held next week on Wednesday, July 13 at 11am. And remember: our customer service reps are there to help and assist you at every stage of the buying process. If you have any further questions please email help@sneakerboy.com as this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. Subscribe to receive time-sensitive and limited quantity deals. 2023 Trustpilot, Inc. All rights reserved. Sneakerboy is facing a number of legal headwinds including a push by former supplier Adidas to have a court appoint a liquidator amid a standoff over a $148,000 bill. Until, they finally responded with "what do you want then? What do you get in return? Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. 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. 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. 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. A US bank is on the brink of collapse and its owners are debating whether it can go on after racking up $1 billion in losses. Together we have achieved this milestone in the history of ourcompany." Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. We recognise that their sovereignty has never been ceded. Poor customer service, never respond to emails or instagram message after several attempts.Place order on the 18/5, been over a month and no order received! Companies can ask for reviews via automatic invitations. 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. 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. Go ahead and pick your favorite shoe liquidation truckload. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. I have sent emails and messages to there instagram and have still not got a response. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Sneakerboys collapse into administration brush is not thefirst challengeto face the company. 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. Together we have achieved this milestone in the history of ourcompany." We welcome you to visit us at our Pembroke Florida location. 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. AMP Pacific Fair, a shopping mall owned by AMP Capital on the Gold Coast, applied to wind-up Sneakerboy in April after it allegedly failed to pay rent for more than a year, in an application made to the Supreme Court of Queensland. This company is a jokeWould like my order cancelled and refunded. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! A confluence of inflation, rising home loan interest rates, and surging food and power costs has led many to forecast retailers, particularly discretionary retailers, will face increasingly tough conditions. Sneakerboy previously fell into voluntary administration in 2015, owing to "conflicting interests of director and shareholders," administrator Michael Carrafa of SV Partners told SmartCompany at the time. Email sent to ask where the shoes are, no response. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. Our strategy focuses on delivering the highest recovery rates in the industry. Scam! Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. !I will definitely bring this matter to fair traiding and police if required. 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. . Technology, engineering, professional services and sales roles are among Australias most sought-after job titles according to LinkedIn data. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. Reasons, Why Liquidators are the Best Wholesale Suppliers today? Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Sneakerboy owes money to 57 firms, with only two secured creditors - Octet, which is owed nearly $2.8 million, and Luxury Retail Treasury Pty Ltd, which has 12.3 million in payables . The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. Dont purchase anything from them, clearly there is something fishy going on. - Sam Pires, CEO. I thought it would be nice to get an essentials tee before my holiday. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. 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. Part of Retail Week 2021. 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. Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. 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. 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. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. 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. Follow the topics, people and companies that matter to you. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. 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. 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. 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. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. I still haven't received any shipping code, I have emailed them several times over weeks ago and never got a response. I will not be shopping again and will be taking this further! Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. 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. After that i did receive a authentic pair, but this is ridiculous. 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. $20.00. April 2, 2015. We need an update. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Nationwide News Pty Ltd 2023. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600.I got burnt in lockdown by SB with Jordan realeases. And finally, we will recommend that you bookmark this page. Lotz International, LLC. If you have any further questions please email help@sneakerboy.com as this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. 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). Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. The difficult but prudent decision has been made to initiate the voluntary administration process. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. Hearing details The details of the hearing are: Copies of documents filed may be obtained from the plaintiff's address for service. . Consumers and Resellers all over the world, We ship LIQUIDATION MERCHANDISE domestically and internationally. Elliot* worked for Sneakerboy from 2017 and is owed $15,000 from 220 hours of annual leave and roughly 12 months of superannuation that he never received after quitting in January this year. 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. 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. But only two months earlier, it was promoting a sale, offering up to 60 per cent off of shoes, many of which would ultimately never be delivered. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. All times AEDT (GMT +11). Just fill out the fields below and we'll send your friend a link to this article along with a message from you. 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. Therefore, you end up getting a great variety for your inventory at a fraction of the price. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. Innovative Reverse Logistics solutions to retailers of all sizes anywhere in the world. I have never had to follow up this much. Profits!! Embattled luxury footwear and streetwear retailer Sneakerboy is up for sale after falling into administration due to financing problems. 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. 1-800-593-8595 Toll Free or Local (FL) 954-964-3064. Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. Ive tried calling to no avail. I even bought an essentials jumper they created a courier document and it still has not been sent. But others are unlikely to be as fortunate. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! Keep in mind i ordered it 3 weeks before I was meant to leave. 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. Hi Jo,Thank you for taking the time to review Sneakerboy. Follow the topics, people and companies that matter to you. Still hasnt been shipped. Subscribe to receive time-sensitive and limited quantity deals. JA. No where did it say it was a backorder for it, they also didn't provide a time frame for when it should be in stock. Julie Ann. Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. As we are currently working through a backlog of shipments being despatched and a large volume of enquiries, we are expecting delays in our response and shippings times. Quicklotzis among the top 5,000 fastest growing private companies in America. I then Dm their instagram to not get a response either. Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. 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. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. Our site will be temporarily unavailable during this time. Moreover, these are high-quality goods with their original packaging and tags intact. Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. However, it re-emerged following a sale to "a party relating to one of the directors," Carrafa said. I have emailed instagrammed 1000s of times but zero reply. 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. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. Our liquidation truckloads are sourced from some of the largest retailers in the United States. What's the benefit for you? !I've been trying to get in touch for over a month regarding an Essentials sweater that was "supposedly" in stock. 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.
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