Catching up with online surfwear retailer Surfstitch.com recently was an eye opener to what the business has been going through following the recent announcement that its holding companies had gone into voluntary administration.
On 24th August 2017, SurfStitch Group Ltd announced it had gone into voluntary administration having been beleaguered with several legal issues, including two class actions, an investigation by corporate watchdog ASIC and litigation as well.
A lot of people jump to the conclusion because we are associated by brand name to the holding companies (SurfStitch Group Ltd and SurfStitch Holdings Pty Ltd), we wore a lot of flack from this which was unnecessary because we arent in fact in administration. We have tra…
Read the full article at: http://www.powerretail.com.au/news/surfstitch-com-talks-voluntary-administration/