New chief and JV at Oroton

Long-serving OrotonGroup chief executive Sally Macdonald has resigned after seven years with the company. Oroton, known for its luxury leather goods, will now be headed by Mark Newman, who previously ran the soon to be defunct Ralph Lauren division. Macdonald has had a tremendous impact on Oroton – bringing the brand back from obscurity and helping nearly double sales to around $200m today. Profits have risen faster still, progressing at 25% a year under her leadership.   But with gross profit margins sky high, at 70%, and a slowing Australian economy, perhaps Sally Macdonald recognises that selling $700 handbags is...

Long-serving OrotonGroup chief executive Sally Macdonald has resigned after seven years with the company. Oroton, known for its luxury leather goods, will now be headed by Mark Newman, who previously ran the soon to be defunct Ralph Lauren division.

Macdonald has had a tremendous impact on Oroton – bringing the brand back from obscurity and helping nearly double sales to around $200m today. Profits have risen faster still, progressing at 25% a year under her leadership.  

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