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Gazal Corp confirms 7pc stake in OrotonGroup

Sue Mitchell
Sue MitchellColumnist
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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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    Original URL: https://www.afr.com/companies/retail/gazal-corp-confirms-7pc-stake-in-orotongroup-20170710-gx8dxd