Mosaic news and archive

Australian fashion giant Mosaic Brands bankrupt, Noni B and Millers disappear

Australian fashion chains Noni B and Millers are closing their doors after the receivers of parent company Mosaic Brands failed to find a buyer, according to Australian press, including Business News Australia. About 933 employees will lose their jobs as a result of the closures. Noni B grew to become one of the largest womenswear retailers in...

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Australia's Mosaic Brands to analyse use of ‘safe harbour’ provisions

Australian fashion group Mosaic Brands has confirmed in a stock market filing that it is analysing the use of safe harbour provisions as it continues to tackle operational issues impacting financials. The statement came in response to a report by The Australian Financial Review, which has initially stated that the company had already entered a...