Australian fashion retailer Mosaic Brands, owning Katies and Millers, enters voluntary administration, risking 3,000 jobs.

Mosaic Brands, an Australian fashion retailer owning brands like Katies and Millers, has entered voluntary administration, risking nearly 3,000 jobs. The company failed to secure necessary support for its restructuring efforts after previously suspending shares due to unfiled financial accounts. FTI Consulting has been appointed as administrators, while KPMG serves as receivers and managers, tasked with evaluating the company's future prospects or potential liquidation.