Mosaic Brands, the retailer that owns clothing brands such as Katies, Millers and Noni B, will continue to trade. But the administration process puts at risk the jobs of almost 3000 employees.
Mosaic Brands, the retailer that owns clothing brands such as Katies, Millers and Noni B, has been placed into administration, putting the jobs of almost 3000 employees at risk.
“The appointment of the external administrators by the board follows what has been a difficult period for the business which has faced a number of structural challenges and disruptions relating to suppliers and inventory management,” the company said. Erica Berchtold, chief executive of Mosaic Brands, which was placed into voluntary administration on Monday.“Our priority is to accelerate the rationalisation plans we have in place to focus on the core brands to service current and attract new customers across metropolitan and importantly regional Australia,” Berchtold said. The company will continue to trade.
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