Mosaic in Talks with Lenders

Summary


The company behind fashion brands Oasis, Karen Millen and Principles is set to begin talks with lenders to secure its long- term future, it was claimed yesterday.

Mosaic is about to open discussions with Icelandic bank Kaupthing over its working capital needs as sales come under pressure, according to The Sunday Times.

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Extract


Mosaic in Talks with Lenders

The company has also faced tough negoti...

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