Mosaic Group, the Canadian direct marketer, has hired Lazard Freres & Co. to advise it in the possible sale of the company. In November and December, Toronto-based Mosaic had two rounds of layoffs, letting go more than 250 workers. It also closed its British division. In December, the firm’s chief financial officer resigned. Shares of the firm have fallen 99% since last year.
Advertisement
Mosaic Group, the Canadian direct marketer, has hired Lazard Freres & Co. to advise it in the possible sale of the company.
In November and December, Toronto-based Mosaic had two rounds of layoffs, letting go more than 250 workers. It also closed its British division. In December, the firm’s chief financial officer resigned.
Shares of the firm have fallen 99% since last year.
