Australian fashion retail giant enters voluntary administration

The parent company of Australian fashion brands Katies, Millers, Noni B, and Rivers has entered voluntary administration, after informal restructuring attempts failed.

Mosaic Brands has appointed KPMG’s David Hardy, Gayle Dickerson, Ryan Eagle and Amanda Coneyworth as receivers and managers to work alongside administrators from FTI Consulting.

Mosaic owns brands Noni B, Rivers, Katies, Rockmans, Millers, Autograph, Beme, Crossroads, and W. Lane. It runs 804 stores, nationally, and has approximately 7.8 million online members.