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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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Savaged by COVID, Mosaic to permanently close 500 fashion stores
Retail in Australia has changed forever as a result of COVID-19 with Mosaic Brands (ASX: MOZ) the first large ASX-listed fashion retailer to announce mass closures of their retail network where up to 500 clothing stores will close permanently over the next two years. The announcement to reduce their network of more than 1,333 stores,
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Rent negotiations reach boiling point as Westfield padlocks 129 Mosaic stores
After months of negotiations brought upon by the coronavirus pandemic, Mosaic Brands (ASX: MOZ) has had 129 of their retail stores temporarily closed by Scentre Group (ASX: SCG), the operator of Westfield shopping centres. The tough decision comes after months of underpayment in rent from Mosaic whose retail stores have been severely depleted of foot
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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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