{"id":797591,"date":"2026-07-13T13:19:19","date_gmt":"2026-07-13T13:19:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/797591\/"},"modified":"2026-07-13T13:19:19","modified_gmt":"2026-07-13T13:19:19","slug":"stax-update-embattled-activewear-brand-stax-appoints-liquidators-in-scramble-to-save-it-from-closure","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/797591\/","title":{"rendered":"Stax update: Embattled activewear brand Stax appoints liquidators in scramble to save it from closure"},"content":{"rendered":"

Cult Australian activewear brand Stax<\/a> has officially appointed liquidators as the brand urgently seeks a buyer to save it from collapse.<\/p>\n

Stax, which operated online and has two boutique Sydney stores, was placed into receivership in June, <\/a>just four years after their founders were named on the\u00a0AFR\u00a0Rich List. <\/p>\n

\"The<\/p>\n

The Stax store in the Sydney CBD closed after the company went into receivership.\u00a0Nicole Douglas<\/p>\n

Brian Raymond Silvia and Michael Charles Hird of Cascap Advisory\u00a0were appointed joint liquidators for the embattled brand and its entities, including Stax Retail, Stax GPT and Stax Westfield, on Friday, according to a notice lodged with the Australian Securities and Investments Commission (ASIC).<\/p>\n

The group is now undergoing an \u201curgent\u201d assessment of its business and operations.<\/p>\n

Stax informed customers that the Pitt Street Westfield store has since been closed, and the online store is not accepting new orders during the assessment.<\/p>\n

\u201cThe receivers are actively working with key suppliers, logistics providers and other stakeholders to explore whether and how trading can resume,\u201d Stax said in a message on its website.<\/p>\n

\u201cWhile we understand this uncertainty is frustrating, we are not in a position to provide a timeframe at this stage.\u201d<\/p>\n

Company documents have been distributed to interested parties and known industry players in a bid to find a buyer.<\/p>\n

It is understood non-binding indicative offers are due Monday.<\/p>\n

\"STAX<\/p>\n

The brand was founded by Rich-Listers Don Robertson and Matilda Murray.\u00a0James Brickwood<\/p>\n

Stax was at one time touted as a $52 million\u00a0business<\/a>.<\/p>\n

The brand\u2019s success saw founders Don Robertson and Matilda Murray placed on the\u00a0Australian Financial Review\u2019s\u00a02022 Young Rich List.<\/p>\n

Robertson started the brand in 2015 out of his mother\u2019s house before it grew to a multimillion-dollar clothing line.\u00a0<\/p>\n

The couple relocated to Sydney in 2019, building a team of more than 50 employees and 12 physical stores, 10 of which were shut by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"Cult Australian activewear brand Stax has officially appointed liquidators as the brand urgently seeks a buyer to save…\n","protected":false},"author":2,"featured_media":797592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-797591","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/797591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=797591"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/797591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/797592"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=797591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=797591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=797591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}