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Latest Articles
Mosaic Brands to shut down five clothing brands and corresponding stores in a bid for survival
Battling to keep the doors open at its flagship Noni B, Katies, Millers and Rivers stores, specialty fashion retail Mosaic Brands (ASX: MOZ) will shutter five of its brands in a drastic move to simplify its business and secure its financial future. All retail and online stores associated with Rockmans, Autograph, Crossroads, W.Lane, and BeMe will
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Mosaic Brands struggles continue as retailer flags lower consumer spending
Australian fashion retailer Mosaic Brands (ASX: MOZ)—the company behind brands like Noni B, Millers, Rockmans, Katies, Crossroads and Beme—has reported a challenging second half of FY24, citing disruptions in its supply chain and a decrease in consumer spending as key factors impacting its financial performance. Despite a strong first half with a $13.1 million EBIT,
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Online sales up 80% through COVID-19 as Mosaic to re-open retail stores
Popular fashion labels Noni B, Katies, Rockmans and Rivers will soon be re-opening their retail stores with parent company Mosaic Brands (ASX: MOZ) confirming they will undergo a progressive restart after closing their 1,400 stores in March due to coronavirus biosecurity. Despite its store network’s closure over the past six weeks, Mosaic’s focus towards online
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Noni B secures EziBuy database for ‘nominal figure’, stake in company too
Australian retailer Noni B (ASX: NBL) and Alceon Group have reached an agreement to purchase a 50.1% stake in EziBuy, a large multi-channel clothing and homewares retailer in New Zealand for an undisclosed “nominal” figure. The purchase will provide Noni B and Alceon with the majority stake in EziBuy which last year reported NZD $135m
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