A court case that sought to remove the liquidators of collapsed fashion group Mosaic Brands has wrapped up, with the judge ruling they can keep their post, but noted an extra, external investigator should be involved.
Mosaic Brands – the company that once managed several retail apparel brands including Noni B, Katies, Millers and Rivers – was placed into voluntary administration in October 2024, owing around $250 million in liabilities. Several months later, and after all its retail subsidiaries were wound up, creditors had voted to liquidate the entire group.
Five days after that vote, one of Mosaic Brands’ creditors – Shaoxing Newtex Imp & Exp Co Ltd – filed a court application in the Federal Court of Australia, calling…