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Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with . Just a week before Sneakerboy collapsed, with $17.2 million owed . Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. 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. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. 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. terrible customer service. $499.00. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Well, we will say youre on the absolute right page. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. Julie Ann. Plaintiff's details Plaintiff's address for service: DO NOT USE!!! 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. All times AEDT (GMT +11). SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 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. Give us a call Monday through Friday from 9:00am to 5:00pm EST. An investigation is now underway to determine whether Sneakerboy traded while insolvent. 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. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. 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. All orders pre-dating July 2, 2022 please contact Hamilton Murphy on (03) 8866 7600. A recent letter to creditors, seen by 7NEWS.com.au, says the company has no funds available to carry out compensation for victims. 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. 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. My husband was told to pick up in store, went there the next day and they are closed! Demand for goods tends to be high and your favorite truckload might get sold to someone else if you arent quick enough. They dont have stocks but still advertising and accepting orders. SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. Simon Johanson. 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. An investigation is now underway to determine whether Sneakerboy traded while insolvent. After that i did receive a authentic pair, but this is ridiculous. Editors note: The author of this article is a customer who was impacted by Sneakerboy going into administration. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. Find out how we combat fake reviews. 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. We assure you well get to your enquiry as soon as possible and thank you for your patience.Kind regards,SNEAKERBOY. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Cheers and singing as 'disorderly' woman booted of Jetstar flight. and Conditions, Privacy NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) . 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. A major supermarket and union have clashed after the downfall of a major transport company was announced resulting in 1500 job losses. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. Please look for an email from Hamilton Murphy outlining the actions around past orders. On Fridays everything sells for $14 and the price drops daily all the way to $1 on Thursdays! I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. When you purchase your shoe liquidation truckloads from us, you get them at a much cheaper price than what is offered in the market. Hamilton Murphy Advisory said the companies have previously held discussions with parties who have expressed an interest in purchasing the business. Calls to Sneakerboys Melbourne CBD flagship store went unanswered Monday morning. Also if youre a small businessman, there is a great advantage in purchasing shoe liquidation truckloads. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. 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. Too much lies! Still trading and accepting orders even if they are now in Administration. Our liquidation truckloads are sourced from some of the largest retailers in the United States. With our versatile shoe liquidation truckloads, you can run your very own part-time or full-time business you always dreamed of. 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. However, it re-emerged following a sale to a party relating to one of the directors, Carrafa said. Please look for an email from Hamilton Murphy outlining the actions around past orders. No update. my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. !I will definitely bring this matter to fair traiding and police if required. We went through an expressions of interest process, we had two interested parties but only received one offer, he says. The company did score a legal win in 2020,after the Supreme Court of NSW ruled Sneakerboy be granted at least six months of breathing room to recover from Covid-19 business closuresbefore its landlord moved to evict the retailer or raise its rents. SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. I still haven't received any shipping code, I have emailed them several times over weeks ago and never got a response. I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. I have never had to follow up this much. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Our site will be temporarily unavailable during this time. We Ship to various locations throughout the USA and overseas. Help using this website - Accessibility statement, Sneakerboy took its landlord, Georges Properties, to court. 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. The company operates three retail stores in Melbourne and one in Sydney, along with an online retail portal. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. Disgusting! I have completed verification work pursuant to the Fair Entitlement Guarantee scheme and encourage any former employees of the Company to complete an online claim form if they have not already done so.. Hi Evelyn,Thanks for taking the time to share your review. 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. A creditors meeting will be held July 13. If you have any further questions please emailhelp@sneakerboy.comas this is the best avenue for communication and questions to be answered.Kind regards,SNEAKERBOY. Hi Noa,Thank you for taking the time to review Sneakerboy. 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. Quicklotzis among the top 5,000 fastest growing private companies in America. Hi Mel,Thank you for taking the time to review Sneakerboy. 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. A whopping $500,000 is also owed to 120 past and current staff members through unpaid wages and entitlements. It's been a month since I ordered and I got nothing. 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. Go ahead and pick your favorite shoe liquidation truckload. Add to Cart. 6 weeks for orders to ship. Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. SNEAKERBOY in Little Bourke Street. I realised then they were taking our money then paying nike before Nike would give them the stock. 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. 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. 18March2021. Here youll find some of the best shoe liquidation truckloads that you can use for starting up your online business. 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. This notice does not mean that the company was wound up. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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. Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. Ive sent countless emails, Instagram messages and phone calls and no response, another said. Im in a similar boat to a lot of other customers. Seemed like a good idea to mention it again.). 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 . 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. sneakerboy liquidation wide body kit for 2000 honda civic vintage glass bowls with lids sun devil volleyball camp guns n' roses glasgow green 2022 sneakerboy liquidation feel free to call us +91.33.26789234 youremail@yourdomain.com Sneakerboy was hit hard early in the coronavirus pandemic when international borders were closed and its core customers cashed-up tourists and students disappeared. 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, These guys dont respond to emails, didnt apply a discount they said they would for one order, now its come to light another order i made on the same day they havent shipped 6 weeks later!They responded on here "please email helpdesk" i did, guess what 10 days later no response, ive never seen worse reviews or scamming from sneaker shop. Still hasnt arrived. Here you'll find some of the best shoe liquidation truckloads that you can use for starting up your online business. Why pay thousands per square metre when you can basically pay zero? Kyvetos told The Australian in 2013. I am still waiting on sneakers purchased after the Pacific Fair store a month ago. Hamilton Murphy said the collapsed companies had previously held discussions with interested parties to sell the business. 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. This has to be the biggest joke. Plaintiff or Plaintiff's legal practitioner: 10:30AM, This is an absolute lie. Subscribe to receive time-sensitive and limited quantity deals. 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. Consumers and Resellers all over the world, We ship LIQUIDATION MERCHANDISE domestically and internationally. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. I thought it would be nice to get an essentials tee before my holiday. Moreover, these are high-quality goods with their original packaging and tags intact. Lotz International, LLC. Say goodbye to paying extra. Add to Cart. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. We only use 77sqm of our 80sqm of shop floor and carry over 300 [SKUs] of shoes with a back area of 3m.. The report estimated the company owed $1.7 million in employee entitlements, including almost $1.3 million in superannuation. Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. 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. Reasons, Why Liquidators are the Best Wholesale Suppliers today? Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. 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! This company is a jokeWould like my order cancelled and refunded. 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. And remember: our customer service reps are there to help and assist you at every stage of the buying process. All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. I realised that they were fake, cause the paint or whatever it was, came off from the mid sole. Tried ringing the phone numbers on their website but no one picks up the phone. - Sam Pires, CEO. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. The difficult but prudent decision has been made to initiate the voluntary administration process. 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. 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. Still hasnt been shipped. 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. Vanda Carson court reporter 2 min read April 15, 2022 - 11:30AM Police & Courts I have been told that my order (319052) was going to be dispatched from their Melbourne store. Poor customer service, never respond to emails or instagram message after several attempts.Place order on the 18/5, been over a month and no order received! As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. Clothing . I will not be shopping again and will be taking this further! Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. Home > keyword "sneakers" Refine Your Search. Post jobs and search for local talent on 7NEWS Jobs >>. 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? 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. Until, they finally responded with "what do you want then? Part of Retail Week 2021. Sneakerboy was contacted for further comment. Therefore, please feel free to get in touch with us in case you have any questions. Cult retailer Sneakerboy has been sold after collapsing into voluntary administration in February. We are readily available from Monday through Friday. 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 Luxury retailer Sneakerboy facing a liquidation push from Adidas is also being pursued by the ATO for $1.2m in unpaid super and taxes. Daily The first question most of you will have is: where do I buy my inventory? 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Twenty-two former employees have made claims for unpaid entitlements. Be honest, dont treat (people) like that plus I wont ever buy stuff from them again, he said. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. translation missing: en.general.accessibility.unit_price_separator, 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. 2023 Trustpilot, Inc. All rights reserved. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. 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. 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. Monthly, on February 18, 2021, between 9:30 pm and 10:30 pm. 1 review. 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 today announced that Stephen Dixon of Hamilton Murphy Advisory has been appointed as voluntary administrator Hamilton Murphy Advisory said in a statement. Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. 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. EST 2012 | Established in 2013 as an innovative hybrid model that fuses the best physical elements of bricks-and-mortar with . Best source for liquidation merchandise and most innovative reverse logistics solutions. Follow the topics, people and companies that matter to you. And they were saying that is a system problem and asked me to wait, I never get my invoice and tracking number. Our diversity of resale channels, from brick and mortar stores to overseas markets, allows us to maximize the value of each product category. Anyone can write a Trustpilot review. Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. I have emailed instagrammed 1000s of times but zero reply. However, it re-emerged following a sale to "a party relating to one of the directors," Carrafa said. We need an update. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Cut your business cost by half by saving on the transportation cost, salaries of employees and a rented workplace. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. Sneakerboy held a sale in May 2022 where a number of customers did not receive their orders. 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. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. 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. Stop trying to hide people into the email section and then ignore them, you guys are crooks and Ill be contacting all avenues until I either receive my order or a full refund (not a credit), honestly disgusting how things are done. 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. During these sales, you can pick up some awesome shoe liquidation truckloads at ridiculous prices. However, it had failed to confirm their intentions to fulfil prepaid orders, accept gift vouchers or honour any exchanges or refunds. I then Dm their instagram to not get a response either. 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. If there's one apparel item that everyone uses, its shoes. I will not be collecting the item as I do not have the time, hence why I paid for delivery in the first place. Find out more about our policy and your choices, including how to opt-out. Kind regards,Sneakerboy. Placed my order weeks ago (order 322484) and have not received any notice of my order. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. Dixon estimated in the report it would take between 12 to 18 months to complete Sneakerboys liquidation. Email Max Mason on max.mason@afr.com from a secure non-work device. Liquidation.com will be undergoing maintenance on February 18, 2021, between 9:30 pm and 10:30 pm Eastern. Hi Caroline,Thank you for taking the time to review Sneakerboy. $20.00. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. 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. We recommend that you browse through our catalog and choose your favorite shoe liquidation truckload. We recognise that their sovereignty has never been ceded. 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. 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.