Business
Retailer behind iconic brands Katies, Rivers, Noni B to close 250 stores – NEWS.com.au
Retailer behind iconic brands Katies, Rivers, Noni B to close 250 stores
The retail group that owns Noni B, Katies, Millers and Rivers is closing a further 250 stores by mid-2020, blaming shopping centre landlords for not providing enough rent relief as it struggles with the impact of COVID-19.Mosaic Brands, which also owns Rockmans and Crossroads, said in August it had been in talks with landlords to renegotiate leases but still anticipated potentially closing up to 500 stores over the next year or two.
“Consistent with our comments at the 2020 full-year results announcement,…
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