The future of Mosaic Brands, one of the biggest ASX-listed clothing retailers, is in doubt after lenders appointed KPMG as receivers and FTI Consulting as administrators, as first reported by this column on Monday morning.
Mosaic’s brands include Katies, Millers, Noni B and Rivers. Last month, it announced plans to wind down some of its other well-known labels including Rockmans, Autograph and Crossroads, closing 200 stores and attempting to resolve long-term financial issues.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
