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Changing tides: The new face of Australian luxury

When former Oroton Group managing director Mark Newman took a 31 per cent full year profit increase to the ASX last September, there was renewed optimism in the market that his decision to move the company back to focusing on luxury lines was paying off. Fast forward three quarters and the two-tier plan to double down on luxury accessories while offering the mid-market Gap brand to apparel shoppers appears to have gone awry. Newman is gone, leaving Ross Lane – whose family owns a controlling s