Oroton Have Gone Into Administration And Bargains APLENTY!
Luxury leather goods company Oroton have announced they’re going into voluntary administration, and though sad that the brand has collapsed - it’s you that benefits.
Since the announcement was made, people have been flocking to the site’s ‘Outlet’ store and nabbing a serious bargain.
The demand is SO high - the website even hits you with a warning, saying that you may experience difficulty accessing the site due to ‘high demand’.
With up to 70% off, it’s clear that only more items will go on sale over the coming months - but already there are incredible savings to be made.
Melanie Texture Grip Top, was $495 - now $116
Estate Wristlet Wallet, was $245 - now $122
Signature O Baby Bag, was $495 - now $148.50
Melanie Travel Clutch, was $345 - now $82.80
Melanie Pebble Medium Pouch, was $125 - now $28
For a period of time the website could not cope with demand and crashed, displaying an error message.
Interim chief executive Ross Lane said there was no other solution that could achieve a better outcome after efforts to recapitalise or sell the 79-year-old retailer failed.
“The board is disappointed that it has had to take this step after running such a comprehensive process,” he said in a statement lodged with the Australian Securities Exchange.
“However, having carefully considered the options available to the company at the conclusion of its strategic review, it is apparent that voluntary administration is necessary to protect the Oroton business and the future of this iconic Australian brand.”