Collapsed women’s clothing company Mosiac Brands owes creditors $250 million worldwide, with many Australian staff members still not paid their entitlements weeks after store closures.
In early October, Mosaic announced it would be winding up five of its brands – Autograph, Rockmans, Crossroads, W.Lane and BeMe – which meant it planned to close 200 stores nationwide.
At the time, Mosiac said it hoped to retain its other labels – Millers, Noni B, Rivers and Katies – but the company has since gone into voluntary administration, a process in which external consultants are called in to manage finances and try…