Mosaic Brands Enters Administration, Threatening 3,000 Jobs

The Australian retailer, owning brands like Katies and Rivers, seeks restructuring after failing to secure key stakeholder support.

Mosaic Brands has entered voluntary administration, impacting nearly 3,000 employees across Australia.
The company, which owns brands such as Katies, Millers, and Noni B, has appointed FTI Consulting as administrators.
Efforts to restructure the business were unsuccessful due to a lack of support from some stakeholders, including a senior secured lender.
Mosaic Brands plans to continue operations, focusing on core brands and the upcoming Christmas trading period.
The Australian Competition and Consumer Commission has ongoing legal action against Mosaic for alleged delivery failures.