“WE ARE MY SHOES !!!!!!!!! I SEND YOU EMAIL, SEND ME DM AND CROC IN YOUR STORE, BUT NO ONE ANSWERS, “Jullian Lataquin posted on Sneakerboy’s Facebook page last week. Another Facebook commenter, Les Uy, said they had tried to contact customer service about a pair of shoes but they hadn’t shipped them. “Can anyone contact me please ????” they posted.
Frustrated and out of pocket, Sneakerboy customers have been trying to get hold of the luxury retailer on unsatisfied orders for more than a week and now the Sneakerboy website has confirmed that it has entered the administration, posting “Sneakerboy is in the administration.All orders from July 2, 2022 will be satisfied by the administrators from now on.
“All orders prior to July 2, 2022 please contact Hamilton Murphy at (03) 8866 7600.”
Sneakerboy, which has stores in Sydney and Melbourne, is known for having a couple of all styles and sizes that customers can try in the store. It usually stores high-end footwear from brands such as Balenciaga and Golden Goose, as well as requested styles such as Nike Jordan 1s. Then, customers expect to receive their orders by shipment, but in recent months some have not arrived.
On Saturday, insolvency administrator Stephen Dixon of insolvency firm Hamilton Murphy Advisory was named volunteer director of five companies, including Sneakerboy Pty Ltd, two companies related to the Sneakerboy name, Luxury Retail Treasury Pty Ltd and parent company Luxury Retail Group Pty Ltd.
“The appointment of the voluntary administration has been made because of the short-term funding difficulties the company is experiencing,” Hamilton Murphy Advisory said in a statement. “The difficult but prudent decision has been taken to start the process of voluntary administration. The manager will now assess the viability of the business as it assesses the ability of companies to continue to operate as an operating company. “
For the past three years, Sneakerboy has faced legal action from Adidas, the Victorian State Revenue Commission and AMP Pacific Fair. Sneakerboy allegedly did not pay the rent for its Gold Coast store (operated by the latter) for more than a year, according to the Australian Financial Review.
The first creditors’ meeting will be held on Wednesday, July 13, according to News.com.au.