June 24, 2026 — 4:09pmAustralian activewear brand Stax, which was known for its black tights and fleeces, has collapsed and appointed consultants to explore whether the business can be saved or sold to new owners.FTI Consulting receiver Joseph Hansell said the Perth-founded brand, which has been worn by the likes of Jennifer Lopez, Lizzo, and Megan Fox, said the company had strong customer support.Influencer Anna Paul, who did a collaboration with the brand, outside a Stax store.Instagram“Stax has done something genuinely impressive, proving that premium activewear does not have to choose between performance and style,” said Hansell said in a statementThe business will continue trading for now.Jessica Yun is a business reporter covering retail and food for The Sydney Morning Herald and The Age.Connect via X or email.From our partners