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...
30 Jan 2025
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...
13 Aug 2024
Womenswear retailer The Noni B Limited (ASX: NBL) released a trading update for the 12 months ended July 1 on Thursday, advancing it’s set to achieve a whopping 70 percent rise in earnings by the end of its fiscal year 2018. Noni B registered total sales of 364 million dollars in FY 2018, a 15 percent increase year on year (FY 2017’s sales came...
12 Jul 2018
After snapping competitor’s Specialty Fashion’s portfolio of mid-market brands - Millers, Katies, Rivers, Crossroads and Autograph for 31 million dollars, Noni B has become one of the largest especiallty women’s apparel retailers in Australia. Noni B will own and run a network of more than 1,350 stores across nine brands, including Noni B Group’...
14 May 2018
The Australian fashion industry has woken up to a shake-up Monday when ailing Specialty Fashion Group has sold its mid-market fashion brands to direct competitor Noni B for 31 million dollars. Specialty Fashion’s chair Anne McDonald said that following a review of the business, directors unanimously agreed that retaining City Chic and selling...
Australian fashion industry woke up to the news of Noni B acquiring Pretty Girl Fashion Group from James Packer's Consolidated Press Holdings Pty Limited for 65 million Australian dollars in cash and 9.7 million Australian dollars in shares. "With the acquisition of these already strong and profitable retail brands, the Noni B Group will become...
3 Aug 2016