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Can I make a misspelled brand of a popular brand?

Legal Issues Forum -
So there is a big brand going around called Supreme that is incredibly expensive and high in demand.

Their logo is a red rectangle with Supreme written in it.

I was wondering if I could make my own logo, perhaps a different shade of red but same dimensions that said for example: Sue Me instead of Supreme but in the same font and everything and then sell clothes with that on it.

Here is the Supreme logo and also the logo I had in mind:

Would this be possible and what risks would I be running to create clothes with the second logo?

P.S I live in Australia, I'm not sure if that will change anything but best to let you know.

Date: Sep 10, 2017   

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