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Sneakerboy: Cult shoe company owes $17.2 million to staff and creditors after collapse

Cult footwear company Sneakerboy went bust owing $30,000 to just ONE employee – as the total cost of collapse hits $17.2million

  • ASIC documents revealed the high-end company owes $17.2 million to creditors  
  • The popular Australian company was placed into administration on July 3 
  • Sneakerboy owes staff $500,000 in wages, superannuation and annual leave 

A popular Australian footwear and streetwear retailer has collapsed owing staff $500,000 and suppliers more than $17 million. 

Luxury shoe retailer Sneakerboy entered voluntary…

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