Printer Ovato collapses, calls in administrators
Miranda WardMedia writer
ASX-listed printing and marketing firm Ovato, which printed the likes of Australian Women’s Weekly, Vogue, Gourmet Traveller and Woman’s Day, has collapsed following volatile market conditions and increased costs, appointing FTI Consulting as administrators.
Ovato’s share price has plunged during the past year, losing nearly 70 per cent.
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Miranda Ward is a journalist covering media and marketing for The Australian Financial Review based in the Sydney office. Connect with Miranda on Twitter. Email Miranda at miward@afr.com
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