Gazal Corp confirms 7pc stake in OrotonGroup
Sue MitchellColumnist
Updated
Clothing distributor Gazal Corp has dealt itself a seat at the table in a $50 million sale of upmarket accessories retailer OrotonGroup, confirming it bought a 7.3 per cent stake last week for $3.1 million.
Gazal Corp, which is controlled by veteran retailers Michael and David Gazal, said they had no proposal to put to OrotonGroup but noted the company was conducting a sale process and would consider opportunities as they arose.
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