Stax Gets Second Life After Bankruptcy | Australia News

Stax, the once-popular activewear brand that collapsed in June owing millions and leaving thousands of customers stranded, just got a second chance. A new investor group led by Justin and Sandy Truong — founders of Pushas — has rescued the brand from receivership, snapping up its trademarks and tech. While legally they didn’t have to, the new owners vow to honor all outstanding orders, calling it a commitment to the community. With Truong stepping in as chairperson and a new CEO taking the reins, Stax is poised for a fresh start — and maybe even redemption for those left waiting. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/77a61b7a5b450e23