The receivers to fashion retailer Mosaic Brands (ASX: MOZ) will close 160 stores across the group by mid-January putting the company’s iconic brands comprising Katies, Millers, Rivers and Noni B all in the firing line.
However, the move sounds the death knell for Katies with all 80 stores in the chain set to close, ending a near 70-year history for the brand in Australia in a shock move just two months after the company described the business as one of its core brands.
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