Major update for fashion retail stores Millers and Noni B after Aussie empire collapsed
Share and Follow

<!–

<!–

<!–<!–

<!–

<!–

<!–

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 two brands after it announced last month that well-known labels Katies and Rivers would close.

‘Despite the best efforts of all parties, we have been unable to achieve a sale of any of the brands within the Mosaic portfolio,’ partner at receiver KPMG David Hardy said on Wednesday.

‘As a result, all stores in the Mosaic Brands Group will be wound down over the coming months.’

Noni B stores will close within months after parent company Mosaic Brands failed to secure a buyer

Noni B stores will close within months after parent company Mosaic Brands failed to secure a buyer

Millers stores will also shut down, leaving hundreds without a job

Millers stores will also shut down, leaving hundreds without a job

Sales will be held in all outlets and the timing of each store closure will depend on stock levels, with all shops expected to close by mid-April.

Mosaic went into voluntary administration in October, with KPMG partners and FTI Consulting appointed as respective receivers and administrators.

The company previously discontinued five of its signature brands – Rockmans, Autograph, Crossroads, W.Lane and BeMe – in September and closed stores as it attempted to put its finances on a sound footing.

The group had 763 stores and employed about 3000 people in Australia and New Zealand.

The company’s shares have been suspended from the ASX since September 2 because of a delay in filing its 2023/24 financial report, which was due in August.

It comes weeks after Mosaic announced that Katies (pictured) and Rivers stores will also close

It comes weeks after Mosaic announced that Katies (pictured) and Rivers stores will also close 

Share and Follow
You May Also Like

Shocking Study Reveals Nearly 10% of Australians Justify Political Violence

A nationwide survey of more than 4,000 people found just over half…
One photo captures tenderness amid chaos as super typhoon hits battered nation

Photograph Reveals Tender Moment Amidst Chaos as Super Typhoon Strikes Nation

Judy Bertuso, a 63-year-old resident of Quezon City, sits inside a vividly…
John Laws

Legendary Radio Host John Laws Passes Away at 90: End of an Era in Broadcasting

John Laws, the legendary figure in Australian radio once dubbed “the broadcaster…
SIR CLIVE WOODWARD: The key lesson Fiji taught England ahead of their tough All Blacks test - and why Steve Borthwick should switch up his backline after a missed opportunity

Unlocking Success: How Fiji’s Lessons Can Transform England’s Strategy Against the All Blacks

England’s rugby team is on a remarkable streak, having secured victory in…

Breaking News: Israel Confirms Return of Soldier Hadar Goldin’s Remains from 2014 Gaza Conflict

Israel said the remains it received on Sunday from Hamas were those…

Israel Confirms Identity of Hostage Remains: Families Anxiously Await News on Five More Missing

Israel has identified the latest hostage remains sent back from Gaza by…
Saracens star could be pitched straight in to face mighty All Blacks on Saturday, despite not playing this season

Saracens Star Set for Dramatic Return Against All Blacks Despite Season Hiatus

<!– <!– <!– <!– Elliot Daly has made his way back into…
Woman's miraculous escape from car in path of a train

Heroic Rescue: Woman Narrowly Escapes Tragedy After Car Stalls on Train Tracks

A woman in Queensland made a miraculous escape after becoming trapped when…