Universal Store co-founder allegedly stabbed to death during Brisbane house party

A teenage boy has been charged pinch nan execution of clothing institution co-founder Greg Josephson, who was recovered stabbed to decease astatine a location statement successful Brisbane overnight.

Police were called to an flat artifact connected Oriel Road successful Clayfield, astatine astir 8.15pm yesterday, wherever they recovered nan 58-year-old man dormant astatine nan property.

Josephson founded younker manner concatenation Universal Store pinch his relative Michael successful 1999.

Detective Acting Superintendent Craig Williams said astir 30 group were astatine nan house, including a ample number of teenagers.

A 15-year-old boy, who constabulary opportunity was known to Josephson, was recovered successful Barlow Street and taken into custody.

He has been charged pinch 1 count of murder.

It's understood it was nan 15-year-old who called triple zero.

Williams said nan alleged execution limb had been located and that Josephson's decease would person an effect connected many.

"This is simply a tragic incident that will impact nan family, nan organization arsenic a full and different young persons who were astatine nan location astatine nan time," Williams said.

He said a number of teenagers were taken to nan constabulary position successful bid for their parents to beryllium contacted.

They are assisting constabulary and were not progressive successful nan incident, he said.

The teen has been refused constabulary bail and will look successful court today.

The flat remains an progressive crime scene.

Josephson was a head astatine Universal Store until it was sold to backstage equity investors successful 2018.

The institution was past floated connected nan ASX successful 2020.

Universal Store has released a connection expressing condolences to Josephson's family.

"We wanted to stock nan sad news that Greg Josephson, who founded our institution and played a important domiciled until 2018, has precocious passed away.

"Our sincere thoughts and condolences are pinch his family astatine this very sad time."

DOWNLOAD THE 9NEWS APP: Stay crossed each nan latest successful breaking news, sport, authorities and nan upwind via our news app and get notifications sent consecutive to your smartphone. Available connected the Apple App Store and Google Play.