Australia's Mosaic Brands marks best session in 6 weeks on strong second-half outlook

Mosaic Brands

17/11/2021 02:34

** Shares of Mosaic Brands Ltd  MOZ.AX  rise as much as 8%
to A$0.68, mark their best intraday session since Oct 6
    ** The fashion retailer expects a strong half in FY22 as
customers return to stores and online sales continue to
grow urn:newsml:reuters.com:*:nASN001W9B
    ** Adds that online sales for FY22 were up 25% YTD
    ** Co says it has also secured a A$59 mln ($42.98 mln)
credit facility with Commonwealth Bank 
    ** About 301,588 shares change hands, compared with the
30-day average volume of 119,469 
    ** Stock down 22.4% this year, as of last close

    ($1 = 1.3727 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))