Iconic activewear company Stylerunner goes under

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Stylerunner has entered voluntary administration, with the online store owing about $2 million to creditors, according to reports.

The company was founded by twin sisters Julie and Sali Stevanja in 2012, and quickly grew into a multi-millionaire business.

But administrator AS Advisory has been appointed to take the wheel after it went into receivership on Wednesday.The website, which sells activewear and health products, is still operating as normal, and its Instagram account has made no mention of the receivership.Julie Stevanja founded Stylerunner after discovering a market niche for activewear.

"In 2012, Stylerunner founder Julie Stevanja was based in London working for a tech start-up and attending Bikram yoga five times a week. "Although living in one of the most fashionable cities in the world, it was here that she found that she wasn't able to find a big enough selection of stylish activewear to meet her needs."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines