Creditors vote to wind up Mosaic Brands, probe ongoing

Mosaic Brands — the business that had managed retail brands such as Noni B, Katies, Millers and Rivers — is set to be officially wound-up after creditors voted to place it into liquidation. The administrators have revealed that Mosaic was likely insolvent since late 2020, and that the directors’ reliance on “safe harbour” may be misplaced, since it is not clear whether the safe harbour eligibility criteria were met at all times. More from Ragtrader.

The company’s collapse has had far-reaching impacts, with thousands of Bangladeshi workers at risk of losing their jobs. More from ABC News.