Mulberry franchisee run by collapsed Sneakerboy retailers owes staff superannuation payments
Around 170 staff were owed $575,851 in entitlements as of late September, according to a report filed with ASIC.
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Around 170 staff were owed $575,851 in entitlements as of late September, according to a report filed with ASIC.
Luxury lifestyle brand Mulberry has appointed receivers to its independent Australian franchisee, which was owned by the same retailers behind collapsed footwear and streetwear business Sneakerboy.
Documents logged with Australia's corporate regulator showed Sneakerboy owes $500,000 to staff in wages, superannuation and annual leave and $17.2 million to creditors.
Before the luxury footwear and streetwear retailer collapsed, there were already former staff members who had left the business and not received full entitlements.
A quick deal’s a good deal in the world of administrations.