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SurfStitch Enters Administration as Nike Pursues $237,000 Claim

Administrators will face Nike’s winding-up order in Victoria’s Supreme Court on June 30.

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Overview

  • SurfStitch fell into administration on June 6 with Mackay Goodwin’s Edwin Narayan and Domenic Calabretta appointed as voluntary administrators.
  • Nike Australia lodged a winding-up order on May 20 seeking $237,760.38 for unpaid shoe and apparel invoices.
  • The retailer’s website has been offline for maintenance for the past five weeks, halting online sales.
  • SurfStitch was sold in May by Alquemie Group to an undisclosed buyer after earlier financial struggles, including a 2017 administration.
  • Victoria’s Supreme Court will hear the winding-up application on June 30, where administrators must respond to Nike’s claim.