Nearly 500 employees will lose their jobs next month as Australian retailer Mosaic Brands shuts down all of its Katies stores, along with 80 other shops across multiple brands owned by the company.
All 80 of the Katies stores will close in mid-January as well as another 80 stores across the Millers, Rivers and Noni B brands.
The closures will impact 160 stores owned by the brand and impact roughly 480 employees, KPMG Australia, the Receivers and Managers of the Mosaic Brands group said in a statement today.
”The decision was made following a review of the performance of Katies as a brand and the wider…
