Oroton gets a handbagging

Shares in this retailer of smart leather goods were smashed last year when Ralph Lauren took back its licence, but what remains is an attractive business.

Investors should have known it was coming – Ralph Lauren was going round the world taking back its licence agreements – but when OrotonGroup announced the loss of its licence for Australia and New Zealand (from 30 June 2013) in August last year, the shock sent the stock down 18%.

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