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AAP
AAP
Neve Brissenden

MYSTERIOUS: Mosaic brands enters voluntary administration - What They Never Told You

Clothing brand Rivers' parent company Mosaic has entered voluntary administration. (Julian Smith/AAP PHOTOS)

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 3000 staff released a statement on Monday confirming its board's decision.

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