Business
Mosaic, retailer behind iconic brands Katies, Rivers and Noni B, to close 250 stores – PerthNow
The retail group that owns brands including Noni B, Katies and Rivers is closing hundreds of stores.
The retail group that owns iconic brands including Noni B, Katies and Rivers is closing 250 stores.
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 of its 1300-plus store portfolio nationally over the next year or two.
Since August we have closed 73 stores in response to unrealistic rental requests and a permanent shift towards online purchases, chief executive Scott…
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