Ezibuy owner Mosaic Brands to close 160 stores across Australasia

Mosaic Brands owns EziBuy. (Image: NZME)

Mon, 23 Dec 2024

The receivers of ASX-listed apparel business Mosaic Brands have announced the closure of 160 stores in Australia and New Zealand as part of an ongoing restructure of the group.The closures mean around 480 full-time, part-time and casual staff will be made redundant over the next four to six weeks. To date 87 staff have been made redundant, with 88 staff remaining in its Sydney headquarters, since KPMG were appointed as receivers in October. Mosaic Brands owns NZ brand Ezibuy, which it bought back this year. The Ezibuy brand is selling...

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