The administrator of failed retailer Mosaic Brands has raised the possibility that the company was trading while insolvent as far back as five years ago.
Mosaic, once one of the biggest ASX-listed clothing retailers, collapsed last year, with FTI Consulting appointed as administrators. The company operated clothing chains including Katies, Millers, Noni B and Rivers, all of which have now closed, resulting in hundreds of jobs being lost.
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