Oroton Group, backed billionaire fund manager Will Vicars, has posted strong double digits sales growth over the 2022 financial year, helping leather goods and fashion apparel retailer back into the black as its turnaround program gains traction.
Oroton delivered the improved performance despite COVID-19 lockdowns, inflationary pressures on input costs such as leather, freight and wages, and supply chain constraints felt by all businesses throughout the year.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
