Tragic Stabbing Claims Life of Australian CEO at Brisbane Party
In a shocking incident on the evening of June 26, 2025, Greg Josephson, co-founder of the popular youth clothing brand Universal Store, was fatally stabbed during a house party held at his lavish Brisbane mansion. The 58-year-old business leader was hosting approximately 30 teenagers when an altercation with a 15-year-old boy allegedly turned deadly.
Details of the Incident and Arrest
Authorities report that the confrontation between Josephson and the teenager, who was known to the CEO, occurred around 8:15 p.m. The youth is accused of using a household item as a weapon during the dispute. Police arrived promptly to find Josephson critically injured and later confirmed his death at the scene.
The teenager was apprehended within two blocks of the residence and remains in custody, charged with one count of murder. During questioning, he voluntarily contacted police and is the sole suspect in the case. He has been denied bail and is scheduled for a court appearance at Brisbane Children’s Court.
A Closer Look at the Location and Party
Josephson’s home, situated in the affluent suburb of Clayfield, is a three-story, six-bedroom mansion that underwent extensive renovations in 2022 to emulate a luxury five-star hotel. Purchased in 2016 for $1.25 million, the estate is now valued at approximately $3.2 million. Earlier this year, Josephson had listed the property for sale as his family planned to relocate to Noosa.
Despite the sizeable gathering, neighbors expressed surprise at the quiet nature of the party, with some unaware it was even taking place. Police confirmed the party was a planned event attended by about 30 teenagers, none of whom were involved in the stabbing.
Greg Josephson: A Legacy in Australian Retail
Greg Josephson co-founded Universal Store with his brother Michael in 1999, building it into a prominent Australian retail chain targeting young adults aged 15 to 34. The brand grew to over 80 stores nationwide and was sold in 2018 for an estimated $100 million. Josephson had kept a relatively low profile since then, serving as CEO of Josephson Holdings Pty Ltd.
The brothers hailed from a long family tradition in Brisbane’s fashion industry, with their ancestors operating clothing businesses for over a century. Greg was regarded as a thoughtful and innovative entrepreneur, praised for applying international retail insights to the Australian market.
Community Reactions and Ongoing Investigation
Local residents and friends have been left devastated by the tragic loss of a respected figure. Police described the scene as chaotic and emotionally charged, emphasizing the ongoing nature of their inquiries. Officers have urged anyone with relevant information or surveillance footage to come forward to aid the investigation.
Authorities confirmed that the weapon used was a household object, highlighting that the incident was not related to the carrying of traditional knives. This tragedy has come shortly after Queensland implemented laws restricting minors’ access to knives, underscoring concerns around safety.
Universal Store's Official Statement
In response to the incident, Universal Store issued a statement expressing profound sorrow over Josephson’s passing and extended deepest condolences to his family and loved ones. They acknowledged his foundational role in the company and his lasting impact on the brand and Australian retail culture.
Looking Ahead
The 15-year-old suspect remains in custody as investigations continue, with police focusing on piecing together the timeline and circumstances leading up to this heartbreaking event. The community, family, and company remember Greg Josephson as a visionary and kind-hearted individual whose loss resonates deeply.
