SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. They didnt send my order bought in May. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. Plaintiff or Plaintiff's legal practitioner: 10:30AM, If I could leave zero rating I would. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Hundreds of customers flock to grab their bargains Our bin section is loaded with incredible merchandise and sold at a flat price depending on the day of the week. However, they didn't make any updates, so I had to ask them every now and then for almost three months. They lie to their customers, take your money and claim that they have a backlog of orders which is why there is a delay with dispatch. 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 first creditors meeting will be held next week on Wednesday, July 13 at 11am. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. We are readily available from Monday through Friday. 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. 6 weeks for orders to ship. I have emailed instagrammed 1000s of times but zero reply. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. Placed my order weeks ago (order 322484) and have not received any notice of my order. 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. 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. Thank you for your understanding! 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. A luxury shoe retailer has gone into administration following years of controversy and multiple angry customers. Our strategy focuses on delivering the highest recovery rates in the industry. Hi Caroline,Thank you for taking the time to review Sneakerboy. 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 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 accessory solves a daily problem encountered by owners of Frank Greens 34oz/1 litre ceramic drink bottles but the story of its design is a quirky one that involves TikTok, Bunnings and painted PVC pipes. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! However, it re-emerged following a sale to "a party relating to one of the directors," Carrafa said. Add to Cart. Chou managed to receive a refund after emailing buy-now, pay-later company Afterpay for several months. The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. Do not buy from them. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. Quicklotzis among the top 5,000 fastest growing private companies in America. Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. If I do ever get a response, it's a generic one. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. Reasons, Why Liquidators are the Best Wholesale Suppliers today? 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. 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.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Get the latest business news, funding information, and expert advice. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. What do you get in return? Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. Well, we will say youre on the absolute right page. Please look for an email from Hamilton Murphy outlining the actions around past orders. With our versatile shoe liquidation truckloads, you can run your very own part-time or full-time business you always dreamed of. 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. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. Looking for a new job or job candidate? Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. Sneakerboy Pty Ltd: ACN: 603 960 961: Company: Sneakerboy IP Pty Ltd: ACN: 604 708 090: Company: Luxury Retail Treasury Pty Ltd: ACN: 614 712 766: Company: Embattled luxury footwear and streetwear retailer Sneakerboy is up for sale after falling into administration due to financing problems. 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. Do you know more? At this meeting, details will be provided to all stakeholders in relation to the financial and structural position of the companies. An investigation is now underway to determine whether Sneakerboy traded while insolvent. Still hasnt been shipped. 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. Absolutely horrified at my experience with Sneakerboy! Kyvetos unique retail strategy involved no till, no fixed point of sale and no on-site inventory at Sneakerboy, with all stock stored in Hong Kong. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. 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. Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. And finally, we will recommend that you bookmark this page. Consumers and Resellers all over the world, We ship LIQUIDATION MERCHANDISE domestically and internationally. Technology, engineering, professional services and sales roles are among Australias most sought-after job titles according to LinkedIn data. - Sam Pires, CEO. Free to sign up. I have been told that my order (319052) was going to be dispatched from their Melbourne store. Just posting this to spread awareness for others really. How can you lose money when your drops sellout? 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. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. Lotz International, LLC. 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. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. Email sent to ask where the shoes are, no response. 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. so i decieded to email again and never got a response. 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. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. This is an absolute lie. 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? 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. 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. Hi Jo,Thank you for taking the time to review Sneakerboy. 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. Here are 8 tips for writing great reviews. 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. 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. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Give us a call Monday through Friday from 9:00am to 5:00pm EST. Still trading even if they are now in Administration. 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. After purchasing a rick owens island dunk and finally receiving them after 3 weeks. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. Sneakerboy Pty Ltd: ACN: 603 960 961: An application for the winding up of Sneakerboy Pty Ltd was commenced by the plaintiff Commissioner of State Revenue on 13/11/2019 and will be heard as set out below. . As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. 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. Placed an order on 26/05/2022 and it's been almost a month with no updates.I tried to contact their customer service via email - no response, tried to message them via Instagram - no response.As a first-time customer, I wouldn't come back or recommend anyone to buy here! All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. 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. During these sales, you can pick up some awesome shoe liquidation truckloads at ridiculous prices. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. We need an update. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. Hamilton Murphy said the collapsed companies had previously held discussions with interested parties to sell the business. 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. No update. Seemed like a good idea to mention it again.). Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. 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. Add to Cart. 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. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Also, in order to diversify your inventory, pick different kinds of truckloads so that your customers have more choice when they purchase. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Sneakerboys collapse into administration brush is not thefirst challengeto face the company. Moreover, these are high-quality goods with their original packaging and tags intact. Follow the topics, people and companies that matter to you. Find out how we combat fake reviews. Plaintiff's details Plaintiff's address for service: James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. Please look for an email from Hamilton Murphy outlining the actions around past orders. Dixon estimated in the report it would take between 12 to 18 months to complete Sneakerboys liquidation. Ive sent countless emails, Instagram messages and phone calls and no response, another said. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. 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. Weekly We went through an expressions of interest process, we had two interested parties but only received one offer, he says. I realised that they were fake, cause the paint or whatever it was, came off from the mid sole. In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme Court. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers - cashed-up tourists and students - disappeared. 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. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. All Rights Reserved, Why you shouldnt give a hundred percent at work, Frank Green releases new product after Bunnings hack goes viral on TikTok, Australias top 25 most in-demand jobs revealed, Long-running Instagram feud between vitamin brands JSHealth and Life Botanics heading to Federal Court, NBN and Starlink are ramping up the bandwidth battle for rural Australia, Off-grid cabin startup Unyoked raises $28 million to expand in Europe, How Sendle managing director Laura Hill made the unconventional path work for logistics, and what your business can learn, There are reasons why staff ignore your emails. Please reach out to us at help@sneakerboy.com if you have not yet heard back from us and we will endeavour to respond as a priority.Kind regards, 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. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. !I will definitely bring this matter to fair traiding and police if required. Together we have achieved this milestone in the history of ourcompany." The latest stories, funding information, and expert advice. 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.. They created a fake tracking number and the item was never sent. Lotz International, LLC. This has been a really upsetting experience - I ordered my first ever designer item one month ago after a friend recommended Sneakerboy to me. Disgusting! Innovative Reverse Logistics solutions to retailers of all sizes anywhere in the world. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. 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. Messages left on instagram, seenzoned. 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. 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). Kind regards, Sneakerboy. My husband was told to pick up in store, went there the next day and they are closed! 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. And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. DO NOT USE!!! I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. 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. We apologise for any inconvenience caused and assure you your order will be in transit with our courier shortly. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! The phone number associated with Luxury Retail Group was also disconnected. Please look for an email from Hamilton Murphy outlining the actions around past orders. $175,000.00. Please look for an email from Hamilton Murphy outlining the actions around past orders. Luxury sneaker retailer Sneakerboy is being pursued by the Australian Taxation Office for $1.2m in unpaid superannuation and taxes. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. However, it re-emerged following a sale to a party relating to one of the directors, Carrafa said. 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. Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. Terms I tried to get a refund, but they said they would inspect the sneaker to ensure it was fake. No delivery No refund. Based on my inquiries to date, l am of the opinion that the companys failure can be attributed to a deficiency of working capital, poor financial control and poor strategic management of the business, he said. Sneakerboy is about maximising retail space with online efficiency. 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. If you guys are reading this (STAFF) my order # is ORDER 317094 its a shame it has to come down to this. You can opt-out at any time. Even the order of husband, they didnt send it. We Ship to various locations throughout the USA and overseas. 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. 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. The first question most of you will have is: where do I buy my inventory? 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 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. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. 18March2021. The difficult but prudent decision has been made to initiate the voluntary administration process. 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. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. I have sent emails and messages to there instagram and have still not got a response.