OrotonGroup poised for return to the black after slashing costs, rent

Losses at OrotonGroup more than halved in 2018 after the accessories retailer slashed marketing, sales and administration costs by about 25 per cent following a $24 million "rescue" by fund manager Will Vicars.

According to now-private OrotonGroup's accounts for the year ending June 2018, marketing costs fell by 26 per cent to $2.8 million, selling costs by 25 per cent to $43.9 million and admin costs by 26 per cent to $16.4 million while the company was in administration and operating under a deed of company administration.