Nike Sydney stores close as franchisee enters liquidation
Seven Nike-branded stores across sydney have abruptly shut down after local franchisee AF-1 was placed into voluntary liquidation. The affected outlets were in prominent suburbs and shopping precincts including Pitt Street (CBD), Bondi, Neutral Bay, Chatswood, Burwood, Warringah and Castle Hill. In a notice sent to the Australian Securities and Investments Commission (ASIC) last week,…