Is SurfStitch still trading?
Is SurfStitch still trading?
The online clothing retailer SurfStitch has gone into administration. The company says the business faces several significant challenges including two class actions, protracted litigation and investigation by the corporate regulator ASIC. SurfStitch’s businesses will continue to trade.
What happened to SurfStitch shares?
Floated in December 2014 at $1 a share, SurfStitch shares reached $2.12 in less than 12 months, valuing the company at more than $500 million, following a spate of acquisitions. After a series of profit downgrades the shares fell to 6.8¢ before the company went into administration in August 2016.
Who started SurfStitch?
SurfStitch co-founder Lex Pedersen, who started the business on Sydney’s northern beaches with co-founder Justin Cameron 10 years ago, was disappointed by the outcome.
Who bought SurfStitch?
Alceon
Investment bank Alceon bought SurfStitch out of administration two years ago after promising to return investors in the online surfwear company between $6 million and $20 million through a float or trade sale of EziBuy.
Is SurfStitch safe?
Yes, shopping at SurfStitch is safe. Our site employs the latest version of Secure Socket Layer Technology (SSL) to encrypt your information and help make sure that only you and SurfStitch ever see it.
How long does SurfStitch take to deliver?
are shipped directly from the brand to you. This means they will arrive separately to any standard SurfStitch items, but all parcels should be delivered within a 1-7 business days in the majority of cases. Orders placed before 2:00pm AEST in Metro areas should be received in 2-10 business days.
Is SurfStitch Australian?
With over 10 years of trusted experience, unique customer service and one of the strongest edits of high-quality products in the industry, SurfStitch stands as one of Australia’s most innovative e-commerce businesses.
Is SurfStitch Australian owned?
EziBuy is a New Zealand-based apparel and homewares retailer that was established 40 years ago and now ships almost 2 million orders per year across Australia and New Zealand. “The underlying SurfStitch Australia business is in good shape; it is fundamentally a good business,” he said.
Is SurfStitch an Australian company?
The company employs approximately 500 people, operates in Australia, the UK and North America, and is administered from its head office in Burleigh Heads, Queensland. SurfStitch Group is listed on the Australian Securities Exchange under the code SRF. The company is currently under administration.
Where is SurfStitch located?
SurfStitch HQ is based in Broadbeach, Gold Coast, just a short walk from some of Australia’s most iconic surf beaches. Our Fulfillment Centre is just a short drive up the road located in Upper Coomera, QLD.
Does SurfStitch have free shipping?
SurfStitch will give you free express shipping for orders over $50. Orders less than this will incur a $5.95 delivery fee, but it will probably be in your best interest to put that $5.95 towards another product to get you across the $50 mark, instead.
What kind of Business is SurfStitch Group Limited?
SurfStitch Group Limited is a locally-owned public company, deriving revenue from online retail and online advertising and publication operations in the action sports and youth culture markets.
How long has SurfStitch been in the market?
With over 10 years of trusted experience, unique customer service and one of the strongest edits of high-quality products in the industry, SurfStitch stands as one of Australia’s most innovative e-commerce businesses. SurfStitch is proud to be part of the Alquemie Group, a new portfolio of leading premium retail brands.
Who is the current CEO of surfstitch.com?
SurfStitch CEO Mike Sonand has stepped down as administrators of the online retailer have been granted an extension to its convening period to allow suitors to have more time to see Christmas trading figures.
What are the benefits of working at SurfStitch?
SurfStitch offers a work environment with motivated, career inspired individuals and we provide loads of staff benefits including great employee discount, staff parties, massages and an onsite café.