AdvertisementExclusive BusinessEntrepreneurshipInsolvency Stax is back, saved by founders of sneakerhead marketplace Jessica Yun August 10, 2026 — 5:00am Save You have reached your maximum number of saved items. Share A A AFor the past a month and a half, the website of Australian activewear brand Stax has been replaced by a customer FAQ page that states: “SALE IS CLOSED”. Streetwear entrepreneurs Justin Truong and Sandy Li, who have bought Stax, pose in their sneaker warehouse. “This is a fresh start for Stax,” said entrepreneur and Stax’s new co-owner, Justin Truong. “It won’t be an entirely new team,” Truong said.