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Nine.com.au·3 min read·medium

Stax collapse: Embattled activewear brand owed $6.7 million to staff, ATO and suppliers before collapse

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April Glover
Stax collapse: Embattled activewear brand owed $6.7 million to staff, ATO and suppliers before collapse
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Australian activewear brand Stax has entered receivership, revealing $6.7 million in outstanding debts to staff, the Australian Taxation Office, and various suppliers. The company has ceased operations and closed its physical retail locations.

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shares Share article Collapsed Australian activewear brand Stax owed a total of $6.7 million in unpaid debts to staff, the tax office and suppliers before it was placed into receivership.

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Stax collapse: Embattled activewear brand owed $6.7 million to staff, ATO and suppliers before collapse — Headlinne — headlinne