No Way Out for Luxury Handbag Retailer as Administrators Move In

No Way Out for Luxury Handbag Retailer as Administrators Move In
An Oroton store in the Australian city of Brisbane. The struggling up-market handbag retailer OrotonGroup has gone into voluntary administration. Wikimedia Commons
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Luxury handbag retailer the OrotonGroup has collapsed after not being able find a way out of the $14.2 million in losses it suffered this year due to falling sales.

Company management said it went into voluntary administration after an eight-month strategic review was unable to find a feasible way to secure its future, reported the Fairfax Media.