An investigation is now underway to determine whether Sneakerboy traded while insolvent. 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 $148,000 bill. Simon Johanson. A creditors meeting will be held July 13. Hamilton and Murphy liquidator Stephen Dixon said in a report to the Australian Securities and Investments Commission (ASIC) in December that Sneakerboy attributed its financial hardships to the pandemic. Featured Liquidation Auctions Show all auctions Pallet HPC - 800 to 1,200 Pcs Average - 10$ Retail per Unit Average - 75% Apparel and other General Merchandise - Brand New Overstock from Major E-Tailer 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. Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. Please look for an email from Hamilton Murphy outlining the actions around past orders. And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. Messages left on instagram, seenzoned. Also if youre a small businessman, there is a great advantage in purchasing shoe liquidation truckloads. But is this really the case? Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. 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. 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. Simon Johanson. This company is a jokeWould like my order cancelled and refunded. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! No one has called me and I cant get in touch with anyone to even get an update, one person said. 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. Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. 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 Placed my order weeks ago (order 322484) and have not received any notice of my order. I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. 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. James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. If you have already emailed us with this request, we thank you for your patience and assure you we will get to your request as soon as possible.Kind regards,SNEAKERBOY, I purchased 2 balenciaga in March 3 months later I have only received 1 the other is still on back order. Enjoy an EXTRA 50% off in our BACK ROOM weekly from Friday through Monday! Im not sure what to do as theyre not even responding to emails. However, it had failed to confirm their intentions to fulfil prepaid orders, accept gift vouchers or honour any exchanges or refunds. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. We also ensure all reviews are published without moderation. Hi everyone see the below from the administrators on orders:All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. However, it re-emerged following a sale to a party relating to one of the directors, Carrafa said. 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. 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. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. You can find more information about a sales wait times on our Customer Service page under the "Shipping Information" Subheading.We understand these delays can be an inconvenience and we apologise wholeheartedly for this.Were looking forward to you receiving your order but please reach out to help@sneakerboy.com if you have any further concerns.Kind regards, Sneakerboy. Also, in order to diversify your inventory, pick different kinds of truckloads so that your customers have more choice when they purchase. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. 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. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. 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. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Most people like to buy all their shopping needs under one roof so ensure that you stock as many varied kinds of footwear as possible. Lotz International, LLC. 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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). Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. After that i did receive a authentic pair, but this is ridiculous. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. I have sent emails and messages to there instagram and have still not got a response. If I could leave zero rating I would. 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. However, it re-emerged following a sale to "a party relating to one of the directors," Carrafa said. Dont purchase anything from them, clearly there is something fishy going on. They have ignored my emails and request. 18March2021. !I've been trying to get in touch for over a month regarding an Essentials sweater that was "supposedly" in stock. Sneakerboy is about maximising retail space with online efficiency. As a student, this is really, truly heart-breaking. Please look for an email from Hamilton Murphy outlining the actions around past orders. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Hi Jo,Thank you for taking the time to review Sneakerboy. When you purchase your shoe liquidation truckloads from us, you get them at a much cheaper price than what is offered in the market. Email sent to ask where the shoes are, no response. We apologise for this inconvenience.A member of our customer service will be in contact with you as a priority with an update on your order.Kind regards,Sneakerboy, Stop trying to hide people into the email section and then ignore them, you guys are crooks and I'll be contacting all avenues until I either receive my order or a full refund (not a credit), honestly disgusting how things are done, if my parcel Is waiting for collection what's the carrier company? Here are 8 tips for writing great reviews. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. Home > keyword "sneakers" Refine Your Search. Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) . Thats because we often have special discounts (in addition to the ones that we already provide) especially after festivals and special occasions such as Black Friday. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. EST 2012 | Established in 2013 as an innovative hybrid model that fuses the best physical elements of bricks-and-mortar with . We recognise that their sovereignty has never been ceded. Ive sent countless emails, Instagram messages and phone calls and no response, another said. A short statement on Sneakerboys website said Sneakerboy is in Administration. 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. 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. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Another said: Hi, if you guys dont ship my order, I am going to file a chargeback with my bank as you are not responding to my emails either.. Hearing details The details of the hearing are: Copies of documents filed may be obtained from the plaintiff's address for service. terrible customer service. 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. Innovative Reverse Logistics solutions to retailers of all sizes anywhere in the world. Scam! Sent an email to get a refund, got an automated generic response. I will not be shopping again and will be taking this further! 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. Anyone can write a Trustpilot review. I would give no stars if I could. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 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. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. Quicklotzis among the top 5,000 fastest growing private companies in America. SNEAKERBOY in Little Bourke Street. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. We use dedicated people and clever technology to safeguard our platform. . 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. Scam! 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. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. (did we mention that already? Follow the topics, people and companies that matter to you. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. In one word: profits. 2023 Trustpilot, Inc. All rights reserved. Demand for goods tends to be high and your favorite truckload might get sold to someone else if you arent quick enough. Its always great to get us in earlier as there is a better chance of survival, in this case they got it early and there was a solution, he says. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Our liquidation truckloads are sourced from some of the largest retailers in the United States. 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. DO NOT USE!!! Our site will be temporarily unavailable during this time. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. 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, I ordered it in January, but the product hasn't been delivered yet.I asked you to wait until March due to Corona issue, but it didn't come until April.I applied for a refund if I wanted to get a refund, but I still haven't gotten a refund after 10 trading days.Why can't I get a refund after waiting for 2 months? Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. 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. Run this search agent and email me with matches: Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. 1-800-593-8595 Toll Free or Local (FL) 954-964-3064. Moreover, these are high-quality goods with their original packaging and tags intact. Therefore, you end up getting a great variety for your inventory at a fraction of the price. 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. The administration brought that dispute to a standstill, which enabled Sneakerboy to be sold last week to a party relating to one of the directors for an undisclosed price. Sneakerboy was contacted for further comment. 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. Quicklotzis among the top 5,000 fastest growing private companies in America. Together we have achieved this milestone in the history of ourcompany." Kind regards,Sneakerboy. A luxury shoe retailer has gone into administration following years of controversy and multiple angry customers. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. The conflicting interests of director and shareholders was really to the detriment of the trading operations but it seems through the voluntary administration process it traded well, he says. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. Find out how we combat fake reviews. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. 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. Worst experience I have ever had with a retailer. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. However, they didn't make any updates, so I had to ask them every now and then for almost three months. In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme Court. 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. Part of Retail Week 2021. Please look for an email from Hamilton Murphy outlining the actions around past orders. JA. Plaintiff's details Plaintiff's address for service: We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. 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. 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. If I do ever get a response, it's a generic one. 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. Looking for a new job or job candidate? 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. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Subscribe to receive time-sensitive and limited quantity deals. Add to Cart. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. 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. I purchased a $200+ sweater over two months ago. Julie Ann. At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. We welcome you to visit us at our Pembroke Florida location. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. Keep in mind i ordered it 3 weeks before I was meant to leave. Well, we will say youre on the absolute right page. Absolutely horrified at my experience with Sneakerboy! 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. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. I even bought an essentials jumper they created a courier document and it still has not been sent. Add to Cart. 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. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM QLD News Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. 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. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. 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. Say goodbye to paying extra. Best source for liquidation merchandise and most innovative reverse logistics solutions. Wholesale Domestic Loads Blankets & Pillows. If its too far gone its a lot more difficult.. April 2, 2015. 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 . I have been told that my order (319052) was going to be dispatched from their Melbourne store. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. What do you get in return? Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. No delivery No refund. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. 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. What's the benefit for you? I tried to get a refund, but they said they would inspect the sneaker to ensure it was fake. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. Along with shoes, theres also elated footwear such as flip flops, sneakers, wellingtons, etc. 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.
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