Oroton plumps up labels with US deal
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The new partnership follows a similar regional licensing deal by Oroton in August to bring Brooks Brothers to Australia, with the new brands to help cover a hole punched in Oroton's earnings this year after the loss of its Ralph Lauren licence.
Oroton said it had secured an exclusive franchise agreement with Gap in Australia and New Zealand, with Oroton gaining the first right to develop the Banana Republic brand and Old Navy should Gap decide to franchise the retail concept in the region.
The Gap deal will be for an initial 10 years, with an option to renew for a further 10. Oroton will be able to operate Gap from free-standing stores, department stores or clearance stores as well as a local e-commerce site.
Oroton and Gap may elect to enter a 50-50 joint venture for fair market value after five years, while Gap has the right to buy 100 per cent of the local franchise back any time after five years. It is planned Oroton will open up to 20 Gap stores over the next 10 years.
"This partnership is an endorsement of our skills and expertise in managing premium international brands in our home country," Oroton boss Mark Newman said.
"We are looking forward to building on the existing business by rolling out more stores and further strengthening the presence of the brand."
Stefan Laban, senior vice-president Gap International, said Oroton had demonstrated its ability to manage premium international apparel brands.
In August, Oroton unveiled a shock profit downgrade, partly due to the removal of Ralph Lauren from its stable, which sent its shares tumbling 10 per cent. Its deal with Brooks Brothers will help plug some of that earnings gap, with Oroton unveiling plans for up to 25 stores by 2019. Shares closed down 4¢ at $5.40 on Thursday.
Call 1300 880 160
Start a chat
Schedule a call
