Parent company of Australian clothing brands Rivers, Millers and Katies enters voluntary administration

Parent company of Australian clothing brands Rivers, Millers and Katies enters voluntary administration

Business, Australia news, Fashion industry Business | The Guardian

​Mosaic Brands discontinued five signature brands in September and closed stores in attempt to steady financesGet our breaking news email, free app or daily news podcastMosaic Brands, the parent company behind Australian clothing brands Rivers, Millers and Katies, has entered voluntary administration.The ASX-listed company which operates more than 700 stores and employs about 3,000 staff released a statement on Monday confirming its board’s decision. Continue reading… 

Mosaic Brands discontinued five signature brands in September and closed stores in attempt to steady finances

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Mosaic Brands, the parent company behind Australian clothing brands Rivers, Millers and Katies, has entered voluntary administration.

The ASX-listed company which operates more than 700 stores and employs about 3,000 staff released a statement on Monday confirming its board’s decision.

Continue reading… 

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