Derrimut founder Nikolaos Solomos faces fresh legal action over alleged debts

·

Derrimut 24:7 Gym founder Nikolaos Solomos is facing new legal pressure, with wholesaler Del-Re National Food Group launching action in the County Court of Victoria over more than $140,000 in alleged unpaid debts linked to his Derrimut Nutrition Bar business.

Court documents show Del-Re began supplying products on credit in August 2023, with the nutrition bar chain purchasing $117,874 worth of goods between November and January.

The wholesaler claims repeated payment demands were ignored, forcing them to hire debt collectors at a further cost of $16,962, bringing the alleged debt to $141,037 including interest.

The case adds to the troubles surrounding Solomos’ fitness empire, with the ATO pursuing Derrimut 24:7 Gym over a $12.53 million debt and several branches across Victoria and South Australia abruptly closing.

Solomos, known for his strong social media presence and luxury car collection, has previously dismissed concerns about the chain’s future, insisting Derrimut still serves 230,000 members across 25 gyms and is expanding staff numbers.

A separate ATO court hearing into the gym’s financial future has been adjourned to October 10.

Source: The Advertiser.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Music, memory and heritage at Panipirotiki Enosis of NSW’s Annual Dance

On Saturday, February 21, the Panipirotiki Enosis of NSW hosted its highly anticipated Annual Dance at The Grand Roxy in Brighton-Le-Sands.

Persefoni Mousmoutis-Thliveris on culture, community and future of the Greek Festival of Sydney

Persefoni Mousmoutis-Thliveris reflects on culture, community and shaping the future of the Greek Festival of Sydney.

GOCSA faces immediate clergy shortage following priest’s dismissal

A priest employed by the Greek Orthodox Community of South Australia (GOCSA) has been dismissed, leading to a priest shortage.

44th Greek Festival of Sydney set to take over Darling Harbour this Sunday

The Greek Festival of Sydney returns to Darling Harbour this Sunday with food, music, dance, family activities and a headline performance.

Greek Elderly Federation to debut stall at Melbourne’s Antipodes Festival

The Federation of Greek Elderly Citizen Clubs of Melbourne and Victoria will, for the first time, host a stall at the Antipodes Festival.

You May Also Like

Sold-out success: ‘Stelios’ premiere brings Kazantzidis’ story to life in Sydney

It was a night of nostalgia, pride and cinematic excellence as the Australian premiere of Stelios unfolded on Wednesday, April 23.

Postecoglou promises swift turnaround after Forest’s Arsenal defeat

Ange Postecoglou says Nottingham Forest fans will see a new-look side as early as Wednesday, despite a bruising 3-0 defeat to Arsenal.

Sydney’s Cretan community commemorates the Arkadi holocaust with solemn church service

A church service was held at St Nicholas Greek Orthodox Church in Marrickville to commemorate the anniversary of the Arkadi holocaust.