- Fashion retail group Mosaic Brands (MOZ) enters trading halt as it plans for a capital raise
- Currently, there are no details on how much the company is aiming to raise
- Company shares will be paused until Friday, September 3, or when more information is released to the market
- On the market, Mosaic Brands last traded at 45.5 cents per share
Mosaic Brands (MOZ) has entered into a trading halt as it plans for an upcoming capital raise.
So far, there are no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Friday, September 3, or when more information is released to the market.
Mosaic Brands is the largest speciality fashion retailer group in Australia. Its brands includes Millers, Rockmans, Noni B, Rivers, Katies, Autograph, W. Lane, Crossroads and Beme.
Over the 2021 financial year, Mosaic has seen record online sales of $111 million, up 19 per cent on the previous corresponding period.
The group recorded an earnings before interest, taxes, depreciation, and amortisation of $48.2 million for FY21.
On the market, Mosaic Brands last traded at 45.5 cents per share.