Seven Nike stores across Sydney have closed and more than 100 staff members have lost their jobs after a franchisee fell into liquidation.
The company, AF-1, has managed Nike stores in Sydney since 2006 along with a retail consultancy, which offered training and advice for other retail businesses.
AF-1 managed seven Nike shops on Pitt St in the CBD, Bondi, Neutral Bay, Burwood, Chatswood, Warringah and Castle Hill with 115 employees, according to its website.
The business gave notice on Friday to ASIC that it was being wound up, with BCR Advisory John Morgan being placed as liquidator.
The stores will also no longer be honouring customers’ gift certificates and store credits, Mr Morgan added, as they represented unsecured claims against…