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Mosaic Brands Limited ( (AU:MOZ) ) just unveiled an update.
Mosaic Brands Limited has announced the closure of its remaining brands and stores, including Rivers, Millers, and Noni B, following unsuccessful attempts to sell them as going concerns. This decision will result in the closure of 388 stores and impact 1,583 employees, with operations expected to cease by the end of April 2025.
More about Mosaic Brands Limited
Mosaic Brands Limited is a group operating in the retail industry, primarily focusing on apparel through brands such as Rivers, Millers, and Noni B. The company has been facing challenges in maintaining its store portfolio.
YTD Price Performance: -10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.43M
Learn more about MOZ stock on TipRanks’ Stock Analysis page.
