30 Nov '17, 6am

Luxury brand Oroton latest casualty of Aussie retail carnage

Luxury brand Oroton latest casualty of Aussie retail carnage

Oroton declares voluntary administration, becoming latest casualty of Aussie retail carnage By business reporter Rebecca Hyam Posted November 30, 2017 17:31:23 Photo: Customers have been advised they can still use gift vouchers at Oroton stores. (AAP: Dean Lewins) Related Story: Myer buys Marcs and David Lawrence fashion brands Related Story: Oroton profit more than halves, dividend slashed; share slump Map: Australia The well-known Australian handbag and accessories retailer Oroton has gone into voluntary administration. Key points: Oroton says no jobs in jeopardy at this stage Company reported a loss of $14.2m for the 2016-17 financial year Pumpkin Patch, Marcs, David Lawrence, Herringbone also went under in the past 18 months In a statement to the Australian Securities Exchange (ASX), Oroton said its 62 stores in Australia, New Zealand and Malaysia would continue to tra...

Full article: http://www.abc.net.au/news/2017-11-30/handbag-retailer-or...

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