×
178
Fashion Jobs
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
WALPLAST PRODUCTS
Opening For Manager Sales - Walplast Products Pvt. Ltd. (Pune)
Permanent · Pune
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Area Sales Manager/sr.Area Sales Manager
Permanent · Kolkata
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
Published
Apr 2, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Oroton creditors back $25m rescue bid

Published
Apr 2, 2018

After OrotonGroup received a takeover proposal from shareholder Will Vicars earlier in the month, creditors of the Australian accessories company said on Thursday the firm will accept the AU$25 million rescue plan proposed.


OrotonGroup


The luxury Australian accessories brand will transfer into private ownership to Vicars under the agreement, poised to return between 36 and 58 cents in the dollar to creditors with all staff entitlements and no further store closures.

At a meeting on March 29 in Sydney, Oroton's creditors voted in support of Vicars' rescue plan. Now, the courts will transfer all ASX-listed shares to his organisation --Caledonia Funds Management -- by which Vicars already owns 18.2 per cent of Oroton.

In mid-March when the bid was proposed, Deloitte, administrators for Oroton, said it backed the proposal to salvage the collapsed luxury leather goods retailer. 

At the time, Deloitte said 10 jobs had been lost in total across Oroton's head office and its stores.

Oroton, founded in 1938 by the Lane family, has struggled in the last five years as it lost market share to more recognised foreign brands such as Michael Kors and Kate Spade. 

It filed for administration in November as it struggled under the weight of a $40 million debt load, reporting a $14.3 million full-year loss on the back of weak sales, and a failed Gap apparel distribution licence, which saw 264 staff made redundant as a result of the wind down.
 

Copyright © 2022 FashionNetwork.com All rights reserved.