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Parent company of Australian clothing brands Rivers, Millers and Katies enters voluntary administration

Mosaic Brands discontinued five signature brands in September and closed stores in attempt to steady finances

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Mosaic Brands, the parent company behind Australian clothing brands Rivers, Millers and Katies, has entered voluntary administration.

The ASX-listed company which operates more than 700 stores and employs about 3,000 staff released a statement on Monday confirming its board’s decision.

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