Home / Knowledge / News / Apparel/Garments / Oroton confirms new license deal with Polo Ralph
Oroton confirms new license deal with Polo Ralph
05
Mar '10
OrotonGroup Limited (OrotonGroup) has entered into a new exclusive license agreement with The Polo/Lauren Company, L.P. (PRL) for the Australian and New Zealand territory commencing July 1, 2010. The agreement is for a 3 year term with renewal for an additional 2 years subject to satisfaction of confidential business performance hurdles. As OrotonGroup's current license expires on June 30, 2010, the new agreement will enable uninterrupted continuance of OrotonGroup's PRL license business.

The new license is broadly consistent with the current agreement with some specific changes to royalty levels, reporting requirements and "key man" clauses. The new "key man" clauses provide that PRL may terminate the license if the Lane family shareholding falls below a threshold of 15% of OrotonGroup.

This threshold is 20% if the Lane family ceases to be the largest shareholder in OrotonGroup. The last substantial shareholding notice for the Lane family records its voting power in OrotonGroup as 29.22%.

The Lane family has no legal or other obligation to retain a shareholding of 15% or more in OrotonGroup. Both Ross Lane, Chairman and Sally Macdonald, CEO, are together noted as key persons under the new license however there is provision to find suitable replacements in event both individuals exit the Group.

OrotonGroup CEO, Sally Macdonald stated, "After over 20 years experience with the Ralph Lauren brand OrotonGroup is pleased to be continuing as the exclusive licensee and looks forward to developing and elevating the brand in this territory for years to come. We expect to open approximately 5 new stores in FY11, including shop-in-shop concessions, free-standing stores and a factory outlet, of which details are being finalised currently."

OrotonGroup Limited


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search