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. 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. Sneakerboy was founded by Melburnian Chris Kyvetos, who was credited with . Also, in order to diversify your inventory, pick different kinds of truckloads so that your customers have more choice when they purchase. we can only give you a credit refund". Wholesale Athletic shoe Mix Nike,Asics,Mizuno,Brooks,Adidas,etc. Weekly 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. 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. Is your heart stuck on the pair of Nike Air which you saw in the showroom the other day? If its too far gone its a lot more difficult.. Follow the topics, people and companies that matter to you. Add to Cart. Sneakerboy Pty Ltd 603 960 961 | Winding Up Application | Winding up 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. Sneakerboy is 50-50 owned by holding companies held by directors Theo Poulakis and Nelson Mair, according to regulator filings. 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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. After that i did receive a authentic pair, but this is ridiculous. Therefore, you end up getting a great variety for your inventory at a fraction of the price. 1 review. We often find ourselves filling every waking moment with activity, thinking that this is the only way to get ahead. Post jobs and search for local talent on 7NEWS Jobs >>. Luxury shoe retailer Sneakerboy has gone into voluntary administration following a wave of controversy. 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. $175,000.00. NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) . 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. 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. 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. What's the benefit for you? Hearing details The details of the hearing are: Copies of documents filed may be obtained from the plaintiff's address for service. Luxury footwear retailer Sneakerboy goes into administration Still hasnt been shipped. Do not buy from them. Reasons, Why Liquidators are the Best Wholesale Suppliers today? If there's one apparel item that everyone uses, its shoes. Home > keyword "sneakers" Refine Your Search. 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 was founded by Melburnian Chris Kyvetos, who was credited with pioneering a luxury retail revolution by The Business of Fashion. Octets charges over Sneakerboy and Luxury Retail Group include all present and after-acquired property no exceptions. Follow the topics, people and companies that matter to you. As a result, your margins tend to be hefty and lucrative when you sell these products through your online store. These liquidation truckloads are offered at a supremely heavy discount compared to their market price. James Chou was among those who took up the deal, paying $400 for a pair of Alexander McQueen sneakers he never received. Hi Caroline,Thank you for taking the time to review Sneakerboy. Sneakerboy: Cult shoe company owes $17.2 million to staff and creditors 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. Our site will be temporarily unavailable during this time. Luxury Retail Group is similarly split between Mr Poulakis and Mr Mair, although via four entities. Still trading even if they are now in Administration. Ordered online last May 26, 2022. Luxury sportswear stores. Fashion label Alice McCall owes more than $1million with ATO its An investigation is now underway to determine whether Sneakerboy traded while insolvent. sneakers - auctions - Liquidation.com Auctions Luxury sneaker retailer Sneakerboy is facing liquidation after sportswear giant Adidas launched legal action over an unpaid bill. and Conditions, Privacy Established in 2013, SNEAKERBOY was founded on the idea that sneakers and streetwear were becoming icons of luxury. Luxury footwear and fashion retailer Sneakerboy faces a new test after administrators were appointed to oversee the embattled retail chain. But others are unlikely to be as fortunate. 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. With these shoe liquidation truckloads, you find an assortment of goods from different brands within the same shipment. If I could leave zero rating I would. Quicklotz: Best Source for Liquidation Merchandise Sneakerboy Retail Pty Ltd and Luxury Retail Group are run by Nelson Mair and Theo Poulakis. We thank you for your ongoing patience with us during this time and we look forward to resolving this for you.Kind regards,SNEAKERBOY, I recently ordered from the new essential drop and after purchasing, my items were put on backorder. SNEAKERBOY Reviews | Read Customer Service Reviews of www.sneakerboy.com They didnt send my order bought in May. We use dedicated people and clever technology to safeguard our platform. so i decieded to email again and never got a response. $20.00. Ordered online last May 26. 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. I thought it would be nice to get an essentials tee before my holiday. They have ignored my emails and request. Give us a call Monday through Friday from 9:00am to 5:00pm EST. 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. Im actually exhausted off this company now order number 321701 and 310206PLEASE DONT BUY FROM SNEAKERBOY, Hi Tyrone,Thank you for taking the time to leave us a review.Unfortunately like most other companies, during busy sale periods there are likely to be picking and shipping delays while we work through higher volumes of orders. Sneakerboy is about maximising retail space with online efficiency. I even bought an essentials jumper they created a courier document and it still has not been sent. I would give no stars if I could. Kind regards, Sneakerboy. 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. Sent an email to get a refund, got an automated generic response. Too much lies! Email sent to ask where the shoes are, no response. 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. These discussions are now being urgently escalated by the Administrator as part of the Voluntary Administration process, it said. Herald Sun - Luxury sneaker retailer Sneakerboy is facing | Facebook 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: It goes against our guidelines to offer incentives for reviews. Sneakerboy operated a retail store at the shopping centre, though it is no longer listed on the Sneakerboy website. 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. Nike Sneaker Liquidation - New Product List 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. The latest stories, funding information, and expert advice. Still trading and accepting orders even if they are now in Administration. 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. It's been a month since I ordered and I got nothing. What do you get in return? !I will definitely bring this matter to fair traiding and police if required. Simon Johanson. Quicklotzis among the top 5,000 fastest growing private companies in America. 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. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. 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. Ive sent countless emails, Instagram messages and phone calls and no response, another said. We're so sorry for this inconvenience and are looking forward to sending your order out to you.In the meantime, we will be in contact with a definitive ETA.Kind regards,Sneakerboy. Herald Sun - Luxury retailer Sneakerboy facing a | Facebook Along with shoes, theres also elated footwear such as flip flops, sneakers, wellingtons, etc. SNEAKERBOY RETAIL PTY LTD: ACN: 604 708 189: Status: In Liquidation: Appointment Date: 29 September 2022: Resolution. From brand-named clothing to popular electronic items and trendy items - we've got everything you need to support your business. I am furious!!! Worst experience I have ever had with a retailer. 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 also ensure all reviews are published without moderation. !I've been trying to get in touch for over a month regarding an Essentials sweater that was "supposedly" in stock. Hi there.Thanks for taking the time to write us a review.We're currently experiencing high order volumes which have caused fulfilment delays. Part of Retail Week 2021. 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. The Australian fashion label went into liquidation last Friday with Matthew Kucianski of Worrells appointed as the liquidator. Frustrated customers have bombarded the companys online platforms and review sites in recent months over delayed orders dating back to January. 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! Subscribe to receive time-sensitive and limited quantity deals. Please look for an email from Hamilton Murphy outlining the actions around past orders. Clothing . A creditors meeting will be held July 13. Sneakerboy was contacted for further comment. Just fill out the fields below and we'll send your friend a link to this article along with a message from you. Company is terrible and no one should shop from them or give them money. Cult retailer Sneakerboy saved from collapse - SmartCompany Simon Johanson. 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. Our site will be temporarily unavailable during this time. 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. With our services, you can start your business online in no time and serve your customers high-end products with huge margins. 18March2021. Still hasnt been shipped. Together we have achieved this milestone in the history of ourcompany." 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. *By completing this form you're signing up to receive our emails and can unsubscribe at any time. "We thank God first, and we thank all our customers, suppliers, and the passion of our team. 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 fume after luxury sneaker store collapses with hundreds of Within hours, shed lost $40,000, Mining giants $4 million gift over missing capusle, but its not cash. An investigation is now underway to determine whether Sneakerboy traded while insolvent. Please look for an email from Hamilton Murphy outlining the actions around past orders. Hamilton Murphy declined to comment when contacted by 7NEWS.com.au while Fraser Group did not respond. Sneakerboy, which sells luxury sneakers and street wear, collapsed into administration on Saturday. In April, AMP Pacific Fair, operators of the Gold Coast Pacific Fair shopping centre,filed a winding-up order in the Queensland Supreme 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. 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.. I am working with the Department of Employment and Workplace Relations to verify the Companys outstanding employee entitlements, Dixon wrote. Footwear giant Adidas filed its ownwinding-up order in March 2021,while theVictorian State Revenue Office sought a wind-up in April 2020. SNEAKERBOY PTY LTD (IN LIQUIDATION) 161 754 463 | Creditors' Voluntary 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. If my parcel is waiting for collection whats the carrier company and reference details, a frustrated customer asked. 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. No one has called me and I cant get in touch with anyone to even get an update, one person said. Moreover, people tend to buy multiple pairs of shoes to be worn on different occasions. 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. Do not order anything online from Sneaker boy they DO NOT HAVE ANY STOCK!!! Sneakerboy has been left with just four retail stores - three in Melbourne and one in Sydney, and an online store. Do you know more? 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. We Ship to various locations throughout the USA and overseas. Terms 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. 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? NOTICE TO SUBMIT PARTICULARS OF DEBT OR CLAIM IN A SIMPLIFIED LIQUIDATION PROCESS - 5.6.39(2)and(3) Appointee/Solicitor Name. However, he said that poor business management was also a prominent factor. Verification can help ensure real people write reviews about real companies. And remember: our customer service reps are there to help and assist you at every stage of the buying process. Hi everyone see the below from the administrators on orders:All orders from July 2, 2022 will be fulfilled by the Administrators moving forward. AU. Collapsed luxury footwear retailer Sneakerboy up for sale Sneakerboy may have traded while insolvent for year and a half 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. Free to sign up. With a complete source of wholesale fashion, electronics, and home improvement items, get the best deals near you! Copyright © 2023 Private Media Pty Ltd. Publishers of smartcompany.com.au. 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. These retailers sell us the surplus stock from their inventory which we, in turn, sell on to customers. 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! Please look for an email from Hamilton Murphy outlining the actions around past orders. We are readily available from Monday through Friday. 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. Herald Sun - Luxury retailer Sneakerboy facing a | 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. My husband was told to pick up in store, went there the next day and they are closed! Carrafa says the successful sale demonstrates the benefit of seeking help from administrators at an early stage. 2023 Quicklotz my order numbers are 324000 and 323459, Hi Anthony,Thank you for taking the time to review Sneakerboy. 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! 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. $499.00. Just posting this to spread awareness for others really. I will not be shopping again and will be taking this further! Hi Jo,Thank you for taking the time to review Sneakerboy. Disgusting! 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. The telephone number for Luxury Retail Groups corporate headquarters in Melbourne remained disconnected on Tuesday. Thank you for your understanding! These discussions are now being urgently escalated by the administrator as part of the voluntary administration process.. 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. Wholesale Liquidation Overstocks Bulk Returns Nike Jordans Levi. This notice does not mean that the company was wound up. Im in a similar boat to a lot of other customers. Sneakerboy Pty Ltd 603 960 961 | Winding Up Application | Winding up