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Katies was once a staple of the Australia n fashion industry but the brand will be lost to time as its remaining 80 stores are shut for good in January. The closures are one lever being pulled in a delicate bid to stabilise parent company Mosaic Brands, which recently entered voluntary administration owing creditors almost $250m. Launched in Australia in the mid-1950s, Katies was known for its range of stylish fashion offerings and grew to more than 150 stores nationwide.
A total of 80 Millers, Rivers and Noni B stores will be closed in January, with the wide-ranging cuts to impact about 480 employees. The axe had already fallen on Rockmans, Autograph, W.Lane, Crossroads and BeMe in September in a move designed to simplify operations and reduce costs.
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‘Not taken lightly’: All 80 Katies stores to close as Mosaic axes hundreds of jobsReceivers KPMG says all of the embattled fashion retailer’s Katies stores will shut, while dozens of stores across its Millers, Rivers and Noni B brands will also close by mid-January.
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‘Not taken lightly’: All 80 Katies stores to close as Mosaic axes hundreds of jobsReceivers KPMG says all of the embattled fashion retailer’s Katies stores will shut, while dozens of stores across its Millers, Rivers and Noni B brands will also close by mid-January.
Read more »
Remembering Katies: From ‘all that glitters’ to retail relicOnce a mecca for “pants and a nice top” for Baby Boomers, Katies will be no more. What happened?
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Katies and Noni B owner allegedly left directors uninsuredClothing group Mosaic Brands went into administration in late October with debts of at least $249 million.
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From $24 cardigans to closed doors — what went wrong for Katies?KPMG announced it would be closing all of Mosaic Group's Katie stores after it was found the business was largely operating at a loss.
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‘Not taken lightly’: All 80 Katies stores to close as Mosaic axes hundreds of jobsReceivers KPMG says all of the embattled fashion retailer’s Katies stores will shut, while dozens of stores across its Millers, Rivers and Noni B brands will also close by mid-January.
Read more »