Until, they finally responded with "what do you want then? Thank you for your understanding! 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. Dont purchase anything from them, clearly there is something fishy going on. Our liquidation truckloads are sourced from some of the largest retailers in the United States. Luxury sneaker retailer Sneakerboy is being pursued by the Australian Taxation Office for $1.2m in unpaid superannuation and taxes. Plaintiff or Plaintiff's legal practitioner: 10:30AM, 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. Julie Ann. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Also, in order to diversify your inventory, pick different kinds of truckloads so that your customers have more choice when they purchase. However, it had failed to confirm their intentions to fulfil prepaid orders, accept gift vouchers or honour any exchanges or refunds. FundIT Limited is also listed as having a charge over Luxury Retail Group. Thank you for your understanding! DO NOT USE!!! The first creditors meeting will be held next week on Wednesday, July 13 at 11am. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. These discussions are now being urgently escalated by the administrator as part of the voluntary administration process.. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. - Sam Pires, CEO. Home; Nike . Sneakerboys parent company Luxury Retail Group is also under fire, as Dixon was also appointed as administrator for Luxury Retail Treasury Pty Ltd and Luxury Retail Group Pty Ltd. A meeting of creditors is scheduled to take place Wednesday, July 13, the ASIC notice states. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. This has to be the biggest joke. After that i did receive a authentic pair, but this is ridiculous. $175,000.00. SNEAKERBOY PTY LTD (IN LIQUIDATION) 161 754 463 | Creditors' Voluntary Follow the topics, people and companies that matter to you. 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. Seemed like a good idea to mention it again.). 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. I have emailed instagrammed 1000s of times but zero reply. Selling shoes online, therefore, is an extremely lucrative and profitable business. 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. Collapsed luxury footwear retailer Sneakerboy up for sale It goes against our guidelines to offer incentives for reviews. Sneakerboy: Shoe retailer faces liquidation for failing to pay rent at These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. April 2, 2015. Herald Sun - Luxury sneaker retailer Sneakerboy is facing | Facebook 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 > keyword "sneakers" Refine Your Search. 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. SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. I tried to get a refund, but they said they would inspect the sneaker to ensure it was fake. 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. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. 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. sneakers - auctions - Liquidation.com Auctions This has been a really upsetting experience - I ordered my first ever designer item one month ago after a friend recommended Sneakerboy to me. Conceived as "The Luxury Sneaker S See more 81,778 people like this 82,686 people follow this http://sneakerboy.com/ +61 2 9221 1877 help@sneakerboy.com Clothing (Brand) Privacy Policy https://www.instagram.com/sneakerboy/ Photos 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. 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. Still hasnt been shipped. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. I purchased 2 Essential sweaters on May 18th and I still havent received anything. 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. Sneakerboy enters administration with creditors to meet this month Order number 319669, Hi Julie,Thank you for taking the time to leave us a review.Unfortunately during busy sales periods customers may unfortunately experience some delays while we work through large volumes of orders.Rest assured your order will be arriving to you shortly, and we will reach out to you with further updates as to when it is arriving.In the meantime, please let us know if you require any further assistance.Kind regards,Sneakerboy. Im actually exhausted off this company now order number 321701 and 310206PLEASE DONT BUY FROM SNEAKERBOY, Hi Tyrone,Thank you for taking the time to leave us a review.Unfortunately like most other companies, during busy sale periods there are likely to be picking and shipping delays while we work through higher volumes of orders. Here are 8 tips for writing great reviews. 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. Up untill now I still haven't got any updates and the status till states thag it's on "Backorder". Free to sign up. (did we mention that already? Kind regards, Sneakerboy. A short statement on Sneakerboys website said Sneakerboy is in Administration. Just posting this to spread awareness for others really. Ive sent countless emails, Instagram messages and phone calls and no response, another said. Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. How can you lose money when your drops sellout? Sneakerboy Retail Pty Ltd 604 708 189 | Voluntary Administration Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. You can opt-out at any time. Sneakerboy may have traded while insolvent for year and a half 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. so i decieded to email again and never got a response. Nike - Liquidation.com Profits!! 1 review. 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. Embattled luxury footwear and streetwear retailer Sneakerboy is up for sale after falling into administration due to financing problems. 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. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. According to a Personal Property Securities Register (PPSR) and filings with the Australian Securities and Investments Commission, Stephen Dixon of Hamilton Murphy was appointed administrator by Sydney-based financier Octet Finance. Subscribe to receive time-sensitive and limited quantity deals. 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. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. A creditors meeting will be held July 13. We Ship to various locations throughout the USA and overseas. 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 . Thank you for your understanding! 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. I purchased a $200+ sweater over two months ago. I have emailed them, phoned and Instagram dmd them on a number of occasions and have received zero responses although they ask for a 48 hour (5 days for email) turnover. 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. Absolutely horrified at my experience with Sneakerboy! Shoe Liquidation Truckloads - Quicklotz Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. 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. No one has called me and I cant get in touch with anyone to even get an update, one person said. Sent an email to get a refund, got an automated generic response. 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. 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. Companies can ask for reviews via automatic invitations. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. !I've been trying to get in touch for over a month regarding an Essentials sweater that was "supposedly" in stock. 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. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. The latest stories, funding information, and expert advice. The company operates three retail stores in Melbourne and one in Sydney, along with an online retail portal. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. 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. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. Do you know more? Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. Notice is given that, on the resolution date set out below, the Company is taken, because of paragraph 446A(1)(a) to have passed a special resolution under s491 that the Company be wound up voluntarily. When I purchase the shoe, they asked me to create a account, and they will send me the invoice and tracking no, but the fact is, my account never be set up but I still successfully paid. - Sam Pires, CEO. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. 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. A luxury shoe retailer has gone into administration following years of controversy and multiple angry customers. 2023 Trustpilot, Inc. All rights reserved. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. 18March2021. At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. Say goodbye to paying extra. Hi Jo,Thank you for taking the time to review Sneakerboy. 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. Luxury footwear retailer Sneakerboy goes into administration Wholesale Domestic Loads Blankets & Pillows. Dixon estimated in the report it would take between 12 to 18 months to complete Sneakerboys liquidation. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Customers fume after luxury sneaker store collapses with hundreds of I have never had to follow up this much. 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. 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. With these shoe liquidation truckloads, you find an assortment of goods from different brands within the same shipment. I even bought an essentials jumper they created a courier document and it still has not been sent. Hi Mel,Thank you for taking the time to review Sneakerboy. 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. All times AEDT (GMT +11). 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. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Well, we will say youre on the absolute right page. Please look for an email from Hamilton Murphy outlining the actions around past orders. 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. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. A number of companies hold security interests over Sneakerboy, including local subsidiaries of footwear brands ASICS and Nike, according to searches done by The Australian Financial Review. Any person intending to appear at the hearing must file a notice of appearance in accordance with the rules, together with any affidavit on which the person intends to rely, and serve a copy of the notice and any affidavit on the plaintiff at the plaintiff's address for service at least 3 days before the date fixed for the hearing. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. Sneakerboy: Luxury sneaker retailer avoids liquidation | Herald Sun Just a week before Sneakerboy collapsed, with $17.2 million owed . Hamilton Murphy said the collapsed companies had previously held discussions with interested parties to sell the business. Terms Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. Please look for an email from Hamilton Murphy outlining the actions around past orders. You'll also receive messages on behalf of our partners. Still hasnt arrived. Plaintiff's details Plaintiff's address for service: Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. 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. 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. JA. Also if youre a small businessman, there is a great advantage in purchasing shoe liquidation truckloads. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. I will be taking this to consumer affairs and will be filling a complaint! Email sent to ask where the shoes are, no response. 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. Even the order of husband, they didnt send it. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! 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. Looking for a new job or job candidate? Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. Sneakerboy operated a retail store at the shopping centre, though it is no longer listed on the Sneakerboy website. 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. Hi everyone see the below from the administrators on orders:All orders from July 2, 2022 will be fulfilled by the Administrators moving forward.