SurfStitch Group chief executive Mike Sonand has stepped down from the company effective immediately as the administrators of the troubled online retailer have been granted an extension to its convening period to allow suitors to have more time to see Christmas trading figures.
FTI Consulting administrators John Park, Quentin Olde and Joseph Hansell were appointed August 24 following a rocky period for the one time market darling.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
