Iconic Australian Clothing Brand to Close, 650 Jobs Lost

Yet another brand in the failed Mosaic group is to close in April after receivers failed to find a buyer for Rivers, which opened its first store in 1863.

A Mosaic-owned Rivers store on Collins Street in Melbourne, Australia on Nov. 28, 2013. AAP Image/Julian Smith

Another brand owned by Mosaic is to be closed after receivers failed to find a buyer. Rivers, which traces its history back to 1863, will close 136 stores across the country by mid-April, resulting in the loss of 650 jobs.

It’s the seventh brand taken over by Mosaic to be shut down following, Rockmans, Autograph, Crossroads, W Lane, and BeMe in late September and Katies in December.