Deals

OrotonGroup Loses Ralph Lauren License


Australian brands retailer, OrotonGroup (ASX:ORL) have emerged from their trading halt to announce that they have lost their license to sell Ralph Lauren products in Australia. The American clothing and accessories designer has ended the 23 year long relationship with Oroton. The license will not renew or be extended beyond its expiry next year June 30.

Tatts Group Buys NSW Lotteries


Tatts Group Limited (TTS) has bought NSW Lotteries from the state government. The public gambling, wagering and lottery company will be given a 40 year licence to run the gaming. The deal is worth just over $1 billion. Taxpayers will benefit from the sale.

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