Stax Group enters liquidation as receivers continue sale efforts

Australian activewear retailer Stax has entered liquidation less than three weeks after National Australia Bank appointed receivers over the group, with a sale process for the business continuing under the control of FTI Consulting.

Brian Silvia and Michael Hird of CasCap Advisory were appointed joint and several liquidators on 10 July 2026 after members resolved to wind up STAX. Pty Ltd, Stax. GPT Pty Ltd, Stax. Retail Pty Ltd and Stax. Westfield Pty Ltd. The same four companies have been in receivership since June. Joseph Hansell and Asjadi Hone of FTI Consulting remain receivers and managers of the group.

The online store is no longer accepting orders, and Stax’s Pitt Street store in Sydney has closed. The receivers have been working with suppliers, freight forwarders and the group’s third-party logistics provider to determine whether existing customer orders can be fulfilled and whether trading can resume.

A number of customers remain affected by unfulfilled pre-sale and other orders. According to information published on the Stax website, products sold on a pre-sale basis were not held in stock and were expected to be supplied by overseas manufacturers. The receivers said those suppliers, freight providers and the group’s logistics operator were owed money, complicating efforts to release and deliver the stock.

Orders placed on 24 and 25 June, after the receivers’ appointment, are also under review. The receivers have said they are exploring refund options with the payment gateway provider where fulfilment is not possible. Gift cards and credit notes are not currently being honoured, and delivered products cannot generally be returned or exchanged.

Founders Don Robertson and Matilda Murray have apologised to customers for the delays and the lack of earlier communication. They said control of the business, its operations and outstanding orders had passed to the receivers and encouraged affected customers to consider chargeback or buyer-protection options through their payment providers.

Robertson and Murray developed Stax into a prominent Australian activewear label after launching the apparel business in Perth in 2015. The brand built a substantial social media following, promoted inclusive sizing and expanded to as many as 12 stores before reducing its physical footprint to two Sydney locations.

The liquidators have not yet disclosed the group’s total liabilities, expected creditor recoveries or the circumstances leading to the members’ decision to wind up the companies. The outcome of the receivers’ sale process will determine whether the Stax brand or parts of its operations can continue under new ownership.