Rhodes and Beckett in liquidation again

https://www.theage.com.au/business/companies/refunds-refused...

No suprise here.

Ordered a suit at 70% off around May or so last year.

Broken promises, excuses etc.. 180 days later, I requested a refund via Paypal. The store voluntarily refunded it without Paypal intervening (it was clear cut).

There was very little stock in the store. I do sorry for the staff as they are between a rock and a hard place.

Anyway it appears the new company that has taken over (same owners) are trying to continue to operate the business but I wonder is there any point as there is so little goodwill left.

Me, if it was 60-70% off I'll buy it in store but won't bother ordering it online.

I have heard the quality isn't the same, because they made fantastic off the rack suits in the past.

Related Stores

Rhodes & Beckett
Rhodes & Beckett

Comments

  • -2 votes

    Just remember, liquidation should not be thought of as a failure. Whether it be capital raising or managerial salaries that are payed out by creditors, the pointy end of the play is NEVER measured by units sold.

    •  

      Perhaps a failure as a business as they have gone in liquidation for a second him in the last couple of years.

  • +1 vote

    Just opened the rhodes and beckett website, not surprisingly found this on the home page

    RHODES AND BECKETT
    Where is my Rhodes & Beckett order?
    Answer: You may never see it.

    Why is that? Well, in short, the directors of the company sold you something they never had stock for, then took all of the money out of the company.

    How did they do it?
    Answer: It's called a phoenix, it allows the directors of the company to take all of the assets out of a company and start a new one debt free. Effectively meaning they don't owe you a thing (or investors, creditors, suppliers, landlords, etc.).

    What's the story?
    Mark Joseph and Vincent Boulus appointed liquidators for Black Bear Holdings Pty Ltd and Black Bear Trading Pty Ltd on the 8th February 2019.

    Black Bear Trading Pty Ltd traded as Rhodes and Beckett and operated the stores and online business. In the three weeks before the appointment of liquidation Rhodes & Beckett took orders for over 350,000 AUD of merchandise.

    Before appointing liquidators to the business Mark Joseph and Vincent Boulus sold all the assets to two new entities that they formed and owned Rhodes & Beckett Trading Pty Ltd, and Rhodes & Beckett Holdings Pty Ltd were formed on the 11th January 2019 and bought all the assets of the business on the same day. No cash was paid for these assets.

    The liquidators have reported that there are zero cash balances in either of the businesses.

    Wait, wasn't there a news story where Mark Joseph said everything was okay? Why did he do this?
    Yes, you are right! Here is the SMH Article

    Isn't that strange???? Must be some kind of fake news?????

    What can I do about it?

    If you have placed an order with Rhodes & Beckett before the 11th January, you may wish to contact your credit card provider to make a claim for any goods you have not received, you can also contact the liquidator of Black Bear Trading Pty Ltd:
    Nicholas Malanos

    con.malanos@worells.net.au

    +61 9249 1202

    If you placed an order with Rhodes & Beckett after the 11th January, you might wish to contact

    Chief Executive Officer of Rhodes & Beckett:

    Vincent Boulus

    +61 411 414 990

    vboulus@allmarque.com

    or

    Director Mark Joseph

    +61 418 204 001

    mjoseph@allmarque.com

    They can also be contacted at their other businesses:

    Rental First

    www.rentalfirst.com.au

    02 9095 2600

    or

    Allmarque

    www.allmarquegroup.com

    02 9095 2666

    Both have 24-7 helpdesks.

    This should be illegal, did they steal my money?
    If you think they did, you can report Vince Boulus and Mark Joseph here.

    Good luck!

  •  

    I got an email from them about a promo. They have a new website URL https://www.rhodesbeckettstore.com

    So I guess they are still trading. Not sure if they have stock, haven't checked out the physical stores.

    If there's another 70% off sale, I'll take a punt with credit card and PayPal protection! Haha

  •  

    Well bugger me. 70% off sale is on.

    I'm running the gauntlet with Paypal by my side.

    My size is one of few sizes they have in stock for the suit I want so I'm assuming there is some stock.

    I called up the Collins Street store (co-incidentally the ONLY store listed on the website) and they don't have the suit I want in my size, however they will honour the 70% off price.

    Wish me luck.

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