Mosaic Brands Advances Strategic Restructure

Mosaic Brands Limited (AU:MOZ) has released an update.

Mosaic Brands Limited is in the process of finalizing its FY24 annual results, with a delay in reporting due to post-reporting period events affecting disclosures. The company is undergoing a strategic restructure, exiting five non-core brands to concentrate on five key growth brands, aiming to streamline operations, reduce costs, and strengthen its market position. Mosaic anticipates the resumption of its shares trading post the lodgement of audited financial statements and will provide more details on its restructure strategy in the near future.

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