Markets

Listed retailer Oroton has gone into voluntary administration

Listed retailer Oroton Group announced to the ASX this morning that the company has been placed in voluntary administration. “The Strategic Review process has failed to secure a viable option for the Company and an Administrator has been appointed,” Oroton said. The company said the closure of its Gap retail […]
Listed retailer Oroton has gone into voluntary administration
Markets

Oroton hits its earnings forecasts, its shares surge

Shares in luxury goods brand OrotonGroup jumped after confirming its earnings guidance. A short time ago, they were up 8.2% to $0.855. In a market update, the company says its underlying EBITDA (earnings before interest, tax, depreciation and amortisation) for 2017 will be at the high-end of the previous guidance […]
Oroton hits its earnings forecasts, its shares surge
Markets

Gap stores are closing in Australia

The US clothing brand Gap is closing in Australia. The luxury brand retailer OrotonGroup, which has the Gap franchise in Australia, says it will discontinue the business locally, with the six stores closing by the end of January 2018. A short time go, its shares fell 4.7% to $1.00. OrotonGroup, […]
Gap stores are closing in Australia
Markets

More bad news is on the way for retailer Oroton

Shares in luxury fashion retailer Oroton have gone into trading halt. The company, which has the Gap brand in Australia as well as its own label, says preliminary sales numbers for April show that earnings are down again. Oroton says it is now preparing a report on the financial impact. […]
More bad news is on the way for retailer Oroton
Markets

Oroton’s decision to drop Brooks Brothers is working

The OrotonGroup posted a 31% rise in full year profit to $3.44 million as it concentrates on its own luxury brand and its Gap franchise after ditching Brooks Brothers. A short time ago, OrotonGroup shares were up 2% to $2.35. The company has sharpened focus on its core Oroton brand […]
Oroton’s decision to drop Brooks Brothers is working