Women’s clothing brands Millers and Noni B will close their doors after receivers for parent company Mosaic Brands failed to secure a buyer. More than 250 stores, 11 of which are in New Zealand, are expected to close by April leaving about 930 workers without jobs. Millers and Noni B were the ASX-listed company’s last […]
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Mosaic Brands, the Australian fashion retail company behind clothing brands including Rivers, Katies and Millers, has been placed into voluntary administration.
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Australia’s largest women’s fashion retailer group says it plans to shutter five of its brands and close stores as it works to put its finances on a sound footing. Mosaic Brands said on Monday it would exit half of 10 brands, including all stores and websites. Mosaic said closure of the Rockmans, Autograph, Crossroads, W.Lane […]
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The ASX closed the week 0.15 of a per cent lower. However, consumer staples and energy traded strongly. IT and financials were down reflecting weakness in US markets overnight. IT was down 2.73 per cent while financials shed about half a per cent.