ASX Announcements
Financial Reporting Obligations
Periodic Reports - Other, Notice of Meeting - Other, Details of Auditor Appointment/Resignation
- Dec 20, 2024
- 3 pages
Market Sensitive
Appointment of Voluntary Administrators
Administrator/Receiver – Appointed/Removed
- Oct 28, 2024
- 2 pages
December 2024
Mosaic Brands receivers close Katies chain, 480 jobs to go
KPMG said it would close all 80 stores run by the womenswear brand, and another 80 owned by the company. Mosaic had already closed 200 shops to avoid collapse.
- Carrie LaFrenz
October 2024
Trump fires up NYC; MinRes ‘inconsistencies’; Mosaic to enter admin
Read everything that’s happened in the news so far today.
August 2024
- Opinion
- Insolvency
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
- Jemima Whyte
July 2024
Adore Beauty hires ex-General Pants CEO to lead recovery
After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.
- Updated
- Carrie LaFrenz
June 2024
Sluggish spending sends Kathmandu, Noni B profits to the wall
KMD Brands and Mosaic Brands, which both run a number of major clothing chains, are warning of steep falls in earnings as customers stay away from stores.
- Carrie LaFrenz
September 2023
- Opinion
- Retail
Retailers hope new stores will beat the spending blues
New stores are helping retailers grow topline sales but if conditions deteriorate, they may drag on earnings.
- Sue Mitchell
January 2023
Best & Less shoppers cut back as profits slide
The clothing retailer, which runs 245 stores with a customer base of mainly lower income households, is feeling the pinch as cost of living pressures mount.
- Simon Evans
December 2021
Boxing Day retail sales face a ‘definite downturn’
Scenes at Sydney shopping centres over Boxing Day and early this week were more subdued than normal as NSW COVID-19 infections soared above 6000.
- Elouise Fowler
September 2021
Alceon to cement control of Mosaic Brands
The investment company could end up controlling more than 60 per cent of the clothing retailer after agreeing to underwrite any shortfall in a $22 million entitlement offer.
- Sue Mitchell
Spotlight Group to anchor Mosaic Brands cash call
Australian retailer Spotlight Group is set to invest $10 million in Mosaic Brands, as part of a $32 million capital raising underway on Wednesday.
- Anthony Macdonald and Yolanda Redrup
Spotlight leads clothing retailer Mosaic Brands’ capital raise
The clothing retailer is raising $32 million through a convertible note issue to strengthen its balance sheet after two tough years.
- Sue Mitchell
August 2021
Best & Less eyes ‘one of the biggest Christmases ever’
Best & Less expects lockdowns to drive a bumper Christmas period for the clothing retailer, and like fellow retailer City Chic is holding extra inventory to avoid logistical challenges.
- Jemima Whyte
July 2021
Premier stands down staff with no pay as lockdown extended
Despite record profits, Solomon Lew’s Premier Investments has let Sydney workers go without wages and other retailers have told employees to use leave.
- Sue Mitchell
May 2021
Mosaic Brands fined $630,00 for false hand sanitiser claims
The owner of Noni B, Millers and Rivers is counting the cost of selling useless hand sanitiser and dodgy face marks at the height of the coronavirus crisis.
- Sue Mitchell
Mosaic Brands back in growth after closing stores
The owner of Millers, Noni B, Katies and Rivers has closed more than 200 stores and renegotiated debt facilities after a horror year in 2020.
- Updated
- Sue Mitchell
February 2021
Mosaic Brands survives while City Chic thrives
The womenswear retailer returned to profit growth, helped by $83 million in wage subsidies, while former stablemate City Chic thrived as customers shopped online.
- Sue Mitchell
January 2021
How long will the consumer spending party last?
Passports are sitting idle, with some of the $60 billion usually spent on travel directed into electronics, appliances and cars.
- Simon Evans
ASX gains 0.8pc; Zip soars 23pc; Cleanaway plunges
The sharemarket finished at a fresh 11-month high as Afterpay and Zip paced a rally in buy now, pay later stocks. Cleanaway lost 8.5 per cent after CEO Vik Bansal resigned.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, Luke Housego and Tom Richardson
Mosaic Brands back in black thanks to JobKeeper, rent holidays
The womenswear retailer says it is back in the black, sending its shares up as much as 35 per cent. But questions remain over its longer-term prospects.
- Sue Mitchell and Carrie LaFrenz
December 2020
Tables turn on pandemic retail's haves and have-nots
There were clear retail winners and losers during COVID-19 but those who thrived face a new challenge in 2021 – how to cycle record sales and profit growth.
- Sue Mitchell