Millersand Noni Bcloseaslastof Mosaic Brandsshutsdown

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Millersand Noni Bcloseaslastof Mosaic Brandsshutsdown

//business-finance.news-articles.net/content/202 .. -noni-bcloseaslastof-mosaic-brandsshutsdown.html

Published in Business and Finance on Thursday, January 30th 2025 at 2:20 GMT by Couriermail
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Almost 3000 employees of a string of iconic Australian fashion labels will lose their job after the pin was pulled on the final retailers in the collapsed Mosaic Brands stable.

The article from News.com.au discusses the closure of all remaining Millers and Noni B stores, marking the end of Mosaic Brands' physical retail presence. Mosaic Brands, which also owns brands like Rivers, Katies, and Rockmans, has decided to shut down these stores due to a combination of factors including the shift towards online shopping, financial pressures from the economic downturn, and the failure to secure a buyer for the brands. The closure affects 146 stores across Australia, with the last stores closing by the end of the month. This move reflects broader retail trends where traditional brick-and-mortar stores struggle against the convenience and lower overheads of online retail. The article also touches on the impact on employees, with many facing job losses, and the broader implications for the retail sector in Australia.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/business/retail/millers-and-noni-b-close-as-last-of-mosaic-brands-shuts-down/news-story/fae5787db58a29057b963d40592aa1a0 ]

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