Rivers to shut down with hundreds of workers to lose their jobs

  • Hundreds of stores to be shut down
  • The retailers parent company were unable to find a new buyer 

Major clothing and footwear retailer Rivers will close down all of its stores with 650 jobs to be axed. 

Receivers announced on Thursday that the company’s 136 stores across Australia will shut down in mid April.

The move comes after its parent company Mosaic Brands were unable to find a new buyer. 

The company went into administration last year and several of its other retailers also went under at the same time. 

KPMG partner David Hardy, who has been tasked with restructuring Mosaic Brands, thanked the company and staff at Rivers for their efforts and hard work. 

‘Unfortunately, a sale of Rivers was not able to be achieved,’ Mr Hardy told NCA Newswire. 

‘This means the receivers have made the difficult decision to wind down this iconic Australian brand.’

Rivers is now the seventh brand in the Mosaic group to be axed after brands including Rockmans, Autograph, Crossroads, W Lane and Be Ma were scrapped in September 2024. 

Major clothing and footwear retailer Rivers will close down all of its stores with 650 jobs to go

Katies was also axed by the company in December last year. 

KPMG said they are still considering avenues to sell the remaining brands that belong to Mosaic including Rivers and Naomi B.

Rivers has been selling discounted clothing and footwear products for men and women for nearly 45 years. 

The retailer clothing accessories from top brands including Adidas and Puma. 

Daily Mail Australia has contacted Mosaic Brands for further comment.  

More to come. 

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