All Noni B branches will close in mid-April. Photo: Facebook.
Women’s clothing transactions Millers and Noni B will close all 252 of their sales outlets in Australia and New Zealand in the coming weeks, a decision that will make 933 employees unemployed.
The two labels were the last that remained under the parent company of the Mosaic Brands Group, which still had hope for survival, but that was overthrown on Wednesday (January 29).
Mosaic Brands went to the administration in October 2024. Recipient KPMG previously announced the closure of all other sales outlets – Katies, Rivers, autograph, rockmans, CrossRoads, W. Lane and Bee.
“Despite the best efforts of all parties, we were unable to sell one of the brands within the mosaic portfolio. As a result, all shops in the Mosaic Brands Group will be rejected in the coming months. We assume that all shops will be closed in mid-April, ”said KPMG partner David Hardy.
“The recipients would like to recognize and thank the Mosaic management team, employees, customers and suppliers for their support throughout the entire recipient process.”
Within regionMillers has shops in Belconnen, Tuggeranong, Gungahlin, Corrimal, Warrawong, Shellharbour, Batemans Bay and Bowral.
Noni B has Outlets in Warilla, Shellharbour, Bowral and Batemans Bay.
The exact time of the closures of individual memory varies and depends on the share level and the sale.
The sale of up to 70 percent discounts and advertising campaigns are carried out in all shops, and recipients encourage customers to visit their local business or the e-commerce website while the stocks last.
The experienced retail analyst Geoff Dart expects more clothing transactions to be closed in the coming months.
He describes myers current steps to acquire clothing stamps (including Just Jeans, Jay Jays, Portmans, Dotti and Jacqui e) as a “catastrophe”.
“Myer is the brand of an older person and young people don’t want to go there. It will lead to more closures when the shops move in Myer, ”he said.
“The world is getting smaller, brands are getting stronger. Those who are not resonance with consumers are by the wayside.
“The only business that will survive are those who have a strong marketing presence and offer a price performance relationship, such as KMART.”
KPMG has announced that mosaic brands of various creditors are owe 250 million US dollars worldwide, including just over 20 million US dollars up to 23 exporters in Bangladesh.
A number of employees were not paid for their claims, such as
NSW Secretary of Shop Distributive and Allied Employees Association (SDA), Bernie Smith, told region His union is involved in the administrative process and is confident that all union members are ultimately paid for what is owed to them.
He advises all union members who have lost their jobs in a mosaic business to keep copies of all work records and payslips.
Original article by Oliver Jacques via Riotact.
