Stax, Australian activewear label, collapses into liquidation, 160 jobs at risk

Australian activewear brand Stax has entered voluntary liquidation after its receivers, appointed by NAB, took control of the business on June 24. Joint liquidators Brian Silvia and Michael Hird of Cascap Advisory were named to wind up the insolvent company, sell assets and settle creditor claims. At its peak the label generated more than $30 million in annual turnover and employed about 160 staff across two boutique stores in Sydney and Liverpool.

The liquidation means customers may not receive pending orders, and the company will not honour gift cards or credit notes. Stax advised that fulfillment of pre‑June 24 purchases depends on cooperation with suppliers, freight forwarders and its third‑party logistics provider, which also owed money to the group. Co‑founders Don and Matilda Robertson issued a public apology, urging affected shoppers to contact payment providers for chargebacks or buyer protection.

The situation highlights the challenges faced by fast‑fashion retailers in Australia and raises concerns for the brand’s supply‑chain partners and consumers awaiting deliveries.