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News
Stax founders apologise as $23.7million debt revealed
1+ week, 6+ day ago (790+ words) Don Robertson and Matilda Murray, who founded the label in Perth in 2015, posted a lengthy statement to Instagram late on Monday evening, offering hope to loyal customers who lost money while admitting they made many mistakes as business owners. 'I've…...
Aussie activewear brand Stax saved by last-minute deal
2+ week, 4+ hour ago (801+ words) An embattled Australian activewear brand once adored by A-list celebrities will relaunch following an 11th-hour lifeline. Stax was plunged into receivership in June, owing $23.7million to creditors, including more than $450,000 in unpaid staff entitlements and $7.3million owed to NAB. Thousands of customers…...
Stax debt unveiled: Aussie activewear brand owes $23.7million
3+ week, 5+ day ago (618+ words) The staggering debt owed by collapsed Aussie activewear brand Stax has been revealed by new liquidator documents. Stax was placed into receivership in June before entering liquidation in July. The business, founded by Don Robertson and Matilda Murray, had grown…...