Episode Details

Stax, the trendy activewear brand that soared with over $30 million in annual sales and 160 employees, has collapsed into voluntary liquidation — a final shutdown after all efforts to save it failed. Once backed by NAB and facing receivership, the company now sells off assets and cancels pre-orders, invalidates gift cards, and apologizes to fans left holding empty promises — even as founders sold luxury cars like Lamborghinis in a last-ditch attempt to stay afloat.

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