Creditors owed more than $361 million are set to vote on the future of failed Australian retail giant Mosaic Brands, as Bangladeshi garment suppliers flag mass lay-offs as the result of millions in unpaid orders.
Bangladeshi factory owner Jabed Ahmed faces debt of around $2.5 million after Mosaic, which owns Noni B, Millers and Rockmans among other brands, went into voluntary administration in October last year.
He told the ABC his company, Padma Satel Arab, has had to fire around 500 workers as a result.
Noni B was among the labels owned by Mosaic Brands. (AAP: Dave Hunt)
“We are taking out loans, have had to cut some of the workers,” Mr Ahmed said.
“Other [suppliers] have already closed down.”
At least 23 factory owners in Bangladesh were…