Saturday , March 6 2021

Rhodes & Beckett alleges website "retained in rescue"



The Rhodes & Beckett website dropped in the first two weeks of December, the most active month in retail, and its Facebook page seems to have been eliminated.

Online, dozens of customers have complained about waiting months to reach their orders and not be able to contact the company.

Rockstarz is owned by Joseph Ziegler, Singapore-based technical entrepreneur, who is also the owner of AO Capital, the Hong Kong private equity group that helped revive Rhodes and Beckett when he entered to the administration in 2017.

Mark Joseph, who is co-owner of Rhodes & Beckett with Vincent Boulus, said that the promise of AO equity never took place, with Mr. Ziegler and others instead of lending money from the company while leaving the ground.

Mr. Ziegler said that Rhodes & Beckett was a year after paying these credits and the District Court of New South Wales last week ordered two holding companies Rhodes and Beckett to pay Mr. Ziegler $ 332.441.

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"It's a big mess," Mr. Ziegler said. "It's really, truly a horrible disaster."

Mr Ziegler said he could not steal the inventory, as the company had alleged, because Rhodes & Beckett bought their stocks from another company that Mr. Ziegler was an investor and that Rhodes & Beckett also had to pay money.

Mr. Joseph, from Rhodes & Beckett, said that Rockstarz had "stuck" with access to its website, email and online sales systems for about three months.

"Rockstarz has led us to rescue. I still do not have a definitive response to what happened," he said.

"It's like Mr. Ziegler and his partner have set us up for a hostile prey: they have tried to use the circumstances for their benefit. It's not a nice situation."

Joseph said the company had not been notified of any pending invoices for its technological services, which were sent to emails controlled by Rockstarz.

When Rhodes & Beckett eventually retrieved access to his email account, there was a delay of nearly 300 orders that had not been filled and that the company was working now, he said.

Meanwhile, Mr. Ziegler accused Rhodes and Beckett of failing to comply with the agreement with the third part of the inventory supply company to which the acquisition of securities of the German fashion company Van Laack.

Van Laack was the largest shareholder of Rhodes & Beckett, the largest provider and creditor when it collapsed in 2017.

Prior to its administration in 2017, Rhodes & Beckett and the sister brand Herringbone had 29 stores, as well as eight concessions to Myer.

This has been reduced to four today's stores: two in Melbourne and two in Sydney.

Mr. Joseph said that the company and the brand were trading in a different way, and that the company was solvent and the future of the company had no doubt.

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