Sneakerboy sells upmarket footwear and streetwear, with some Balenciaga sneakers on its walls reaching north of $1500. Still trading and accepting orders even if they are now in Administration. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. Sent an email to get a refund, got an automated generic response. 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. Selling shoes online, therefore, is an extremely lucrative and profitable business. Just posting this to spread awareness for others really. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Twenty-two former employees have made claims for unpaid entitlements. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. I ordered the recent Essentials drop, its been almost two weeks and I still havent gotten an update from them. 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. And finally, we will recommend that you bookmark this page. Also if youre a small businessman, there is a great advantage in purchasing shoe liquidation truckloads. Julie Ann. 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: They dont have stocks but still advertising and accepting orders. They didnt send my order bought in May. I realised that they were fake, cause the paint or whatever it was, came off from the mid sole. Sneakerboys Facebook page is riddled with people complaining they had not received their orders. Verification can help ensure real people write reviews about real companies. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. 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. Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. Sneakerboy today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Octets charges over Sneakerboy and Luxury Retail Group include all present and after-acquired property no exceptions. Remember that we sell goods on a first-come-first-serve basis so ensure you pick up your favorite truckload as soon as you find it. The first question most of you will have is: where do I buy my inventory? $175,000.00. Sneakerboy | 1,928 followers on LinkedIn. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. 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.. Our experienced Team is Ready to assist you. 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. Ive tried calling to no avail. Subscribe to receive time-sensitive and limited quantity deals. Kind regards, Sneakerboy. I purchased a $200+ sweater over two months ago. Simon Johanson. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. 18March2021. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. 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. Cut your business cost by half by saving on the transportation cost, salaries of employees and a rented workplace. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. Together we have achieved this milestone in the history of ourcompany." Still hasnt been shipped. 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. Quicklotzis among the top 5,000 fastest growing private companies in America. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. $499.00. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. Email sent to ask where the shoes are, no response. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! Pacific Fair, a shopping mall on the Gold Coast owned by AMP Capital, 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. 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. Thank you for your understanding! 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. 2023 Quicklotz In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme Court. Plaintiff or Plaintiff's legal practitioner: 10:30AM, Hi Noa,Thank you for taking the time to review Sneakerboy. 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Kind regards,Sneakerboy. Our site will be temporarily unavailable during this time. 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. 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. Dont purchase anything from them, clearly there is something fishy going on. 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. 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. Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. I purchased 2 Essential sweaters on May 18th and I still havent received anything. Here youll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! Best source for liquidation merchandise and most innovative reverse logistics solutions. 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 husband was told to pick up in store, went there the next day and they are closed! Simon Johanson. Technology, engineering, professional services and sales roles are among Australias most sought-after job titles according to LinkedIn data. I have never had to follow up this much. Dixon estimated in the report it would take between 12 to 18 months to complete Sneakerboys liquidation. The difficult but prudent decision has been made to initiate the voluntary administration process. Say goodbye to paying extra. Follow the topics, people and companies that matter to you. Companies can ask for reviews via automatic invitations. 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! Moreover, these are high-quality goods with their original packaging and tags intact. 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. terrible customer service. 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. 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. Follow the topics, people and companies that matter to you. No one has called me and I cant get in touch with anyone to even get an update, one person said. 2023 RLA Excellence Awards Winner: 'Innovation Solutions Partner' Read the Press Release. 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 if you have not yet heard back from us and we will endeavour to respond as a priority.Kind regards, Sneakerboy. An investigation is now underway to determine whether Sneakerboy traded while insolvent. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. 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. However, he said that poor business management was also a prominent factor. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 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. And remember: our customer service reps are there to help and assist you at every stage of the buying process. 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 Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. 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. The latest stories, funding information, and expert advice. The voluntary administration appointment has been made due to short term financing difficulties being experienced by the company. How can you lose money when your drops sellout? 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. The retailer, which sells. 6 weeks for orders to ship. Nationwide News Pty Ltd 2023. 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 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 phone number associated with Luxury Retail Group was also disconnected. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. All times AEDT (GMT +11). I will be taking this to consumer affairs and will be filling a complaint! What do you get in return? An investigation is now underway to determine whether Sneakerboy traded while insolvent. 1-800-593-8595 Toll Free or Local (FL) 954-964-3064. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. 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. Scam! 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.. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. 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. Looking for a new job or job candidate? Email Max Mason on max.mason@afr.com from a secure non-work device. Jun 17, 2022. When you purchase your shoe liquidation truckloads from us, you get them at a much cheaper price than what is offered in the market. Sneakerboy is about maximising retail space with online efficiency. Sneakerboy was contacted for further comment. we can only give you a credit refund". The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. 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? Scam! 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. Anyone can write a Trustpilot review. 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. And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. 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. Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. Hi Michael,Thank you for taking the time to leave us a review.We're sorry to gear that you have not yet received your order. Still trading even if they are now in Administration. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. 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. As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. Hi Jo,Thank you for taking the time to review Sneakerboy. A hearing in the Melbourne Supreme Court on Thursday heard Sneakerboy and Adidas were working on a deal to settle the matter. Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Worst experience I have ever had with a retailer. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. 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. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. !I will definitely bring this matter to fair traiding and police if required. If its too far gone its a lot more difficult.. - Sam Pires, CEO. A creditors meeting will be held July 13. Well, we will say youre on the absolute right page. 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. 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. 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. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. 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. DO NOT USE!!! 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. However, it re-emerged following a sale to a party relating to one of the directors, Carrafa said. I thought it would be nice to get an essentials tee before my holiday. Go ahead and pick your favorite shoe liquidation truckload. 2023 Quicklotz 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. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. Plaintiff's details Plaintiff's address for service: Sneakerboy has previously faced wind-up actions from footwear brand Adidas in 2021 and the Victorian Commission of State Revenue in 2020. Thank you for your understanding! 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. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with . After that i did receive a authentic pair, but this is ridiculous. The company operates three retail stores in Melbourne and one in Sydney, along with an online retail portal. Free to sign up. 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. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. Staff were told on Friday afternoon that they were being made redundant after the company failed to find a buyer. Our site will be temporarily unavailable during this time. - Sam Pires, CEO. I realised then they were taking our money then paying nike before Nike would give them the stock. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM QLD News Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. I even bought an essentials jumper they created a courier document and it still has not been sent. 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. Part of Retail Week 2021. Weekly 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. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. 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 will not be collecting the item as I do not have the time, hence why I paid for delivery in the first place. 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 other related entities, including operating company Luxury Retail Group, on Saturday. 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 Our strategy focuses on delivering the highest recovery rates in the industry. 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.