Noni B news and archive

Australia's Mosaic Brands to analyse use of ‘safe harbour’ provisions

Australian fashion group Mosaic Brands has confirmed in a stock market filing that it is analysing the use of safe harbour provisions as it continues to tackle operational issues impacting financials. The statement came in response to a report by The Australian Financial Review, which has initially stated that the company had already entered a...

Management |ANALYSIS Featured

Australia’s Noni B targets 70 percent earnings growth in FY18

Womenswear retailer The Noni B Limited (ASX: NBL) released a trading update for the 12 months ended July 1 on Thursday, advancing it’s set to achieve a whopping 70 percent rise in earnings by the end of its fiscal year 2018. Noni B registered total sales of 364 million dollars in FY 2018, a 15 percent increase year on year (FY 2017’s sales came...

Management

Noni B to become one of the largest fashion retailers in Australia

After snapping competitor’s Specialty Fashion’s portfolio of mid-market brands - Millers, Katies, Rivers, Crossroads and Autograph for 31 million dollars, Noni B has become one of the largest especiallty women’s apparel retailers in Australia. Noni B will own and run a network of more than 1,350 stores across nine brands, including Noni B Group’...

ManagementFeatured

Specialty Fashion Group sells mid-market fashion brands portfolio to rival Noni B

The Australian fashion industry has woken up to a shake-up Monday when ailing Specialty Fashion Group has sold its mid-market fashion brands to direct competitor Noni B for 31 million dollars. Specialty Fashion’s chair Anne McDonald said that following a review of the business, directors unanimously agreed that retaining City Chic and selling...

ManagementFeatured

Noni B buys Pretty Girl Fashion Group from James Parker for 75 million

Australian fashion industry woke up to the news of Noni B acquiring Pretty Girl Fashion Group from James Packer's Consolidated Press Holdings Pty Limited for 65 million Australian dollars in cash and 9.7 million Australian dollars in shares. "With the acquisition of these already strong and profitable retail brands, the Noni B Group will become...