
IMG announced on Monday the finalists of the 2021 Australian Fashion Laureate, honouring the achievements of Australian fashion’s leaders and innovators.
22 published items with the word (s) or phrase Oroton in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
IMG announced on Monday the finalists of the 2021 Australian Fashion Laureate, honouring the achievements of Australian fashion’s leaders and innovators.
High-end Australian accessories specialist Oroton Group managed to slash its losses in its latest financial year as it cut back on marketing and other spend after its A$24 million rescue by fund manager Will Vicars.
The Australian menswear retailer entered into voluntary administration on Thursday, announcing the company could no longer cope with the influx of international competitors and the fast evolution of online shopping.
After OrotonGroup received a takeover proposal from shareholder Will Vicars earlier in the month, creditors of the Australian accessories company said the firm will back the AU$25 million rescue plan proposed.
Major shareholder Will Vicars has proposed he will acquire the ailing Australian leather goods brand for the sum of AU$25 million. The bid has been approved by administrations and will go to a vote on March 29
Australia’s Oroton is the latest among many retailers globally to be seeking rent cuts, but the chain, which is operating in administration, has closed two stores already after landlords wouldn’t ease its lease terms.
Snuffing out rumours that Gazal, which handles brands such as Calvin Klein in Australia, could potentially buy Oroton, it has been confirmed the handbag brand's major stakeholder Will Vicars plans to bail it out.
Australia’s on-going Oroton story could take an interesting turn soon with Gazal, which handles some of the biggest US brands in the country, reported to be interested, as is another firm linked to The Foschini Group.
The iconic Australian leather and accessories announced it has entered voluntary administration on Thursday, the latest Australian retailer to file for bankruptcy after a spate of localised brands did the same in 2017.
The UK fund manager has sold its entire 7% stake in the struggling Australian leather and accessories brand.