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July 6, 2022 - 7:27AM NCA NewsWire Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. Hi Caroline,Thank you for taking the time to review Sneakerboy. I have sent emails and messages to there instagram and have still not got a response. Heres the fix, Five ways businesses can beat the scourge of busyness and boost productivity, My Biggest Mistake: Martin Karafilis, CEO of Fishburners. From the reviews below it appears Im not the only one, all my other experiences with Sneakerboy have been fine. Sneakerboy, which ran stores in Sydney, Melbourne and on the Gold Coast, collapsed in July last year. Sneakerboy is about maximising retail space with online efficiency. (did we mention that already? 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. Im in a similar boat to a lot of other customers. 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. 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! An investigation is now underway to determine whether Sneakerboy traded while insolvent. At the time,The Herald Sunreported Pacific Fair was chasing the company for nearly$300,000 in unpaid rent. After purchasing a rick owens island dunk and finally receiving them after 3 weeks. But administrator Michael Carrafa of SV Partners told SmartCompany Sneakerboy ran into trouble after a dispute between Kyvetos and one of the shareholders. Thank you for your understanding! My husband was told to pick up in store, went there the next day and they are closed! Our site will be temporarily unavailable during this time. I will filing consumer affairs complaints and ACCC, they shouldnt be trading at all. Find out more about our policy and your choices, including how to opt-out. Customers fume after luxury sneaker store collapses with hundreds of 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. Technology, engineering, professional services and sales roles are among Australias most sought-after job titles according to LinkedIn data. Carrafa says Kyvetos is still involved in the business overseeing the buying of stock. Plaintiff or Plaintiff's legal practitioner: 10:30AM, We welcome you to visit us at our Pembroke Florida location. The phone number associated with Luxury Retail Group was also disconnected. 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. Simon Johanson. Adidas launched liquidation proceedings against the niche retailer in March, claiming it was owed $148,000. A short statement on Sneakerboys website said Sneakerboy is in Administration. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. 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. 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. !I will definitely bring this matter to fair traiding and police if required. Still hasnt been shipped. As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. 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? Do you know more? Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. Sneakerboy: Shoe retailer faces liquidation for failing to pay rent at SmartCompany understands Sneakerboy turns over around $50,000 per week and Carrafa says its a strong business model. 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). The first creditors meeting will be held next week on Wednesday, July 13 at 11am. Sneakerboy: Cult shoe company owes $17.2 million to staff and creditors Herald Sun - Luxury retailer Sneakerboy facing a | Facebook The latest stories, funding information, and expert advice. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne was disconnected. SmartCompany acknowledges the Traditional Owners of the many nations across Australia, and pay our respect to Elders past and present. 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. You can find those pair of shoes at our shoe liquidation truckloads for a much cheaper price. 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. This company is a jokeWould like my order cancelled and refunded. Shoes - GBY Liquidations 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. Please look for an email from Hamilton Murphy outlining the actions around past orders. Category. 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. 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. SNEAKERBOY - Facebook 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. 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. Sneakerboy: Luxury sneaker retailer avoids liquidation | The Advertiser Still hasnt been shipped. Cult retailer Sneakerboy saved from collapse - SmartCompany Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. Weekly Subscribe to receive time-sensitive and limited quantity deals. Technology, diversification, multiple resale channels, demographics, worldwide supply and demand, 13+ years of experience, are just some of the parameters we use to optimize recoveries. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? 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. 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. 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. 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. Thank you for your understanding! 1 review. Companies can ask for reviews via automatic invitations. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. 3 Tips for Finding Your Perfect Reselling Platform, Everything You Need to Know About Liquidation. 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. Have opened a dispute with afterpay on this and Im currently waiting to hear back from consumer affairs and the Victorian Ombudsman, Hi Jorgia,Thank you for taking the time to review Sneakerboy. 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. Sent an email to get a refund, got an automated generic response. I have spoken with a Golden Goose representative who has confirmed they have not been supplying Sneakerboy with stock for months. Give us a call Monday through Friday from 9:00am to 5:00pm EST. However, he said that poor business management was also a prominent factor. Kind regards, Sneakerboy. Internet divided over gross find in bulk buy bargain at major retail chain, Urgent recall: Noodle buy pulled from Victorian stores amid reaction fears. Say goodbye to paying extra. Company is terrible and no one should shop from them or give them money. 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.

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