A network of Nike stores have closed and more than 100 staff members are out of work after a franchisee was abruptly wound up.

AF-1 had managed Nike stores in Sydney ’s CBD, Bondi, Burwood, Neutral Bay, Warringah, Castle Hill and Chatswood.

A note posted on shop fronts said “all operations had ceased” and a notice shared by ASIC confirmed the business was being wound up.

John Morgan from BCR Advisory was appointed to lead the liquidation process.

Sadly for 113 workers, it means their employment has been terminated.

“Eligible employee entitlements, including unpaid annual leave, wages and redundancy payments will be paid under the Commonwealth Government (Fair Entitlements Guarantee) scheme,” Morgan said.

“The liquidator’s office has provided affected employees with information abou

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