Business
Rivers, Millers owner Mosaic Brands may close up to 500 stores – NEWS.com.au
Rivers, Millers owner Mosaic Brands may close up to 500 stores
Australias retail apocalypse has potentially claimed a fresh scalp following the shock announcement Mosaic Brands could shut up to 500 stores within two years.The retail juggernaut – which owns a slew of popular fashion chains including Rivers, Millers, Katies, Noni B and Crossroads – released its results for the full year ended June 28, reporting a staggering $45.8 million loss.
That dismal result came down to the double whammy of the devastating bushfires followed by the coronavirus pandemic …
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