Losses at OrotonGroup more than halved in 2018 after the accessories retailer slashed marketing, sales and administration costs by about 25 per cent following a $24 million "rescue" by fund manager Will Vicars.

According to now-private OrotonGroup's accounts for the year ending June 2018, marketing costs fell by 26 per cent to $2.8 million, selling costs by 25 per cent to $43.9 million and admin costs by 26 per cent to $16.4 million while the company was in administration and operating under a deed of company administration.