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
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…

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…
Police crash North St Marys

Three Injured in Head-On Collision Involving Law Enforcement Vehicle

Three people, including two police officers, have been injured in a car…

Why New Apartment Developments May Fail to Reduce Housing Prices: Expert Insights

As property prices across Australia continue to rise, many aspiring homeowners have…
Aerial shot of Porepunkah

Gunshot Echoes from Bushland Following Dezi Freeman’s Escape

On November 5, law enforcement officials carried out firearms testing near Barrett…

Denmark Implements New Social Media Restrictions for Young Users After Australia

Prime Minister Anthony Albanese has said it’s “important” the country’s social media…
Melbourne local Cassie Walker started selling her old clothes as a way to "make quick cash when times are tough".

Australians, including Cassie, turn to selling clothing as a means to sustain their livelihoods

Exclusive: Cassie Walker, a resident of Melbourne, turned to selling her second-hand…
NSW protests

Neo-Nazi Protest Unfolds Outside NSW Parliament, Leaving Police Commission Uninformed

Neo-Nazis have used NSW state parliament as their stage today to launch…