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    Is any company safe???

    Looks like the gloom is never going to end!!

    Mosaic, which owns some of the most famous brands on the UK High Street, has gone into administration, with debts of about £400m.

    But most of the group, including Oasis, Karen Millen, Warehouse and Coast have been immediately sold to Mosaic's main creditor - Icelandic bank Kaupthing.

    A new firm owned by Kaupthing and former Mosaic bosses has been formed.

    But Principles and The Shoe Studio - two of Mosaic's other brands remain in administration, risking 4,200 jobs.

    4 Comments

    most of the ones that are not in debt or owned by a company that is ?

    and the one i work for

    Mine is.

    ain't nuthin' but a kaupthing
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