But six years after bursting onto the scene, Fairfax Media can reveal that parts of the Spartan empire are in financial strife. While the Spartan group is mulling a listing on the Australian Securities Exchange, the companys wholesale arm is beset with debts.
Spartan group company SSG Wholesale (Australia) – known as Spartan Sporting Goods until May 21 – was put into liquidation by creditors on May 23.
Kunal Sharma (centre) with Michael Clarke
Photo: Supplied
The company, an importer and distributor of Spartan products in Australia, owes creditors, including the tax office, ANZ Bank and a host of trade creditors and lower tier lenders, $8.5 million, according to liquidators at BRI Ferrier.
Other Spartan companies, such as Spartan Sports Inter…
Read the full article at: https://www.smh.com.au/business/companies/batting-on-liquidators-have-spartan-on-the-back-foot-20180905-p501va.html