Nudie Juice's founding family, the Binetters, will have to repay $125 million to the Australian Taxation Office following the wrap-up of a long-running offshore tax evasion inquiry.
According to a Federal Court ruling on Friday, the family members stashed millions of dollars of undeclared money in Swiss and Israeli accounts, and paid an Israeli lawyer to destroy documents relating to their accounts.
The $125m includes tax, penalties, interest and liquidation costs.
Michael and Andrew Binetter were also found to have breached their duties as directors.
About $50m from last year's sale of Nudie by Philippine company Monde Nissin has been frozen, and the Binetters may have access to this money, depending on the outcome of a separate lawsuit.
