Australian fashion group Mosaic Brands owes around $249 million to various entities, according to documents tabled to ASIC and obtained by Ragtrader.
It comes weeks after the brand fell into voluntary administration, with FTI Consulting’s Vaughan Strawbridge, Kate Warwick, David McGrath, and Kathryn Evans being the appointed voluntary administrators.
Meanwhile, KPMG’s David Hardy, Gayle Dickerson, Ryan Eagle and Amanda Coneyworth are the appointed receivers and managers.
The documents – which cover the first creditors’ meeting – confirmed that Mosaic Brands Limited owes around $249 million across 171 creditors. The administrators have yet to table their final report, which could see these numbers change.
It is unclear…
