Mosaic Brands has caught the regulator’s attention again over claims that a face mask and hot water bottle had the approval of government regulators.
The consumer watchdog has issued a $630,000 fine to the retailer after it used false advertising to sell tens of thousands of face masks and hand sanitiser bottles at the height of the pandemic.
Mosaic Brands,the Noni B and Rivers owner revealed a big massive recovery in earnings in the past six months which"materially exceeded"analyst expectations.
After being locked out of 167 of their stores in Westfield’s malls for 10 days,fashion brands Noni B and Strandbags have settled a bitter rental stoush with shopping centre owner Scentre Group.
Struggling retailers,pushed to breaking point,are staring down their powerful landlords - and neither is flinching.
The COVID-19 crisis is accelerating trends in the retail sector that will force retailers and their landlords to develop new relationships - whether they like it or not.
Fashion retailer Mosaic Brands has swung to a $212 million loss and will close between 300 and 500 of its stores across the country.
Westfield shopping mall owner Scentre has begun locking non-rent-paying retailers out of their stores in a dramatic escalation of tensions between major landlords and their retail tenants.
Retailers in Melbourne have called on the state government to clarify whether or not they can stay open as the hard-hit sector faces another six-week lockdown.