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…
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…
A number of Nike stores have been shut across sydney after a franchisee went into liquidation, resulting in 113 employees losing their jobs and gift certificates unable to be honoured. AF-1 and its related companies, which operated the Nike stores across Sydney’s east and west, was placed into liquidation on September 26, with John Morgan…
More than 110 Aussies have lost their jobs and many customers will be out of pocket after a Nike franchisee fell into liquidation last week. sydney-based company AF-1, which managed seven Nike shops across Sydney, has collapsed after its license was pulled by the iconic brand. This brings an end to the company which has…
A number of Nike stores have been shut across sydney after a franchisee went into liquidation, resulting in 113 employees losing their jobs and gift certificates unable to be honoured. AF-1 and its related companies, which operated the Nike stores across Sydney’s east and west, was placed into liquidation on September 26, with John Morgan…
Seven Nike stores across sydney have closed and more than 100 staff members have lost their jobs after a franchisee fell into liquidation. The company, AF-1, has managed Nike stores in Sydney since 2006 along with a retail consultancy, which offered training and advice for other retail businesses. AF-1 managed seven Nike shops on Pitt…
Published: 14:54 AEST, 29 September 2025 | Updated: 16:34 AEST, 29 September 2025 Australian fashion powerhouse Desordre has collapsed under millions of dollars of debt. The expensive retailer, which was began as a pop-up store in Melbourne and Fortitude Valley in brisbane. It also maintained an international presence through its global online boutique. However, ASIC…
sydney pub baron Jon Adgemis’ business empire is under further strain after a key company, Public Hospitality Operating Co, collapsed into liquidation owing $123 million to the tax office, with liquidators unable to locate assets once valued at more than $1.29 billion. Liquidator Tim Cook of Balance Insolvency said records explaining the purpose of the…
Victims of a perth builder are being encouraged to speak with their insurers after it went bust. Liquidators have been called in to wind up the Tingey Development Group, leaving dozens of homes unfinished. Perth couple Simon and Sheri Davies have been waiting a long time to live in their dream home and now have…
301 Flinders Lane was sold to an education group for about $24 million. However, a more recent report shows intercompany loans of $13.3 million were made from Harrolds Logistics to entities controlled by the Poulakis family, and MacNeil was looking to recoup the cash. He did not return inquiries, and Ross Poulakis said he was…