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 trade as normal, while administrator, Deloitte Restructuring Services, tried to find a buyer.
A spokesperson for Oroton told the ABC no jobs at the company were in jeopardy at this stage, an…
Read the full article at: http://www.abc.net.au/news/2017-11-30/handbag-retailer-oroton-declares-voluntary-administration/9212246
