Seven Nike stores across sydney have suddenly shuttered after its franchise owner lost licensing power. Sydney-based franchisee AF-1, which operated multiple Nike stores across the city, has been forced to close its doors following the loss of its licensing agreement with the iconic sports brand. The collapse marks the end of nearly two decades of…
Several Nike stores are set to close across sydney, with over 100 employees affected, after a local Nike licensee fell into liquidation last week. On Friday, September 26, several companies under AF1, which had operated licensed Nike stores in Sydney’s eastern and northern suburbs, were placed into liquidation. John Morgan of BCR Advisory was appointed…
As celebrated luxury Australian designer
Seven Nike stores across sydney have closed, and as many as 115 workers have lost their jobs after major franchisee AF1 Pty Ltd collapsed into liquidation. Nike-branded outposts in Sydney’s central Pitt Street, Bondi Junction, Neutral Bay, Burwood, Warringah, Chatswood and Castle Hill are closed, after AF1 on Friday appointed John Morgan of BCR Advisory…
Australian logistics operator XL Express has entered voluntary administration, with advisory firm FTI Consulting appointed to manage the process and assess the future of the company. The Queensland-based business, established in 1990, has built a national footprint in road transport and distribution over more than three decades. It is best known for operating a broad…