The "rags to riches to rags in three generations" curse has played out again. This time it's family-controlled retailer OrotonGroup, which has fallen into administration.
Sydney's wealthy Lane family, the major shareholder in the upmarket accessories chain, must be regretting a decision 12 years ago to reject takeover offers from two private equity firms.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
