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Noni B, Katies owner Mosaic Brands enters ‘safe harbour’ amid financial struggles

Pelican Press

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Noni B, Katies owner Mosaic Brands enters ‘safe harbour’ amid financial struggles

Mosaic Brands has confirmed it has entered so-called safe harbour arrangements, allowing the board to remain control of the embattled fashion retailer as it seeks to trade out of its financial difficulties.

The listed company behind budget clothing brands Noni B, Rockmans, Rivers, Millers and Katies emerged from a brief trading halt on Wednesday to confirm its “directors have and continue to take advice from advisers on their ongoing duties”.

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#Noni #Katies #owner #Mosaic #Brands #enters #safe #harbour #financial #struggles

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