Fashion Giant Mosaic Crumbles! 933 More Jobs at Risk in Retail Armageddon!

Get ready for the retail shocker of the year! Thousands of retail warriors are about to be left high and dry as collapsed fashion titan Mosaic couldn't seal the deal on its last two chains, Millers and Noni B. KPMG, the rescue squad, just couldn't find a savior for the beloved brands Katies and Rivers either.

In a stunning move, Rockmans, Crossroads, Autograph, W Lane, and BeMe already got their pink slips, and now it's curtains for Millers and Noni B's remaining 252 outposts. A whopping 933 more employees face the ax on top of the 650 already swinging their way with Rivers' closure earlier this month. Mosaic, which folded with a whopping $249 million debt, had left a colossal workforce of 2,500 spread across 651 stores in Australia and New Zealand.

With supposed efforts going in vain, David Hardy of KPMG announced the winding down of all Mosaic stores. The global fast fashion fiasco has also left factories in Bangladesh on tenterhooks with over $30 million in invoices going south! The livelihoods of countless women hang in the balance!

As the icy waves of Mosaic's collision reverberate, creditors are left biting the dust as administrators scramble to finalize their report. The grim retail landscape was already echoing with warnings from retail tsar Solomon Lew, who hinted at a rough ride for the sector as interest rates crunch consumers' pockets.

Have an insider scoop or a fallout story? We’re listening!