If not Gazal some private equity firm. If they do a cap raise, just further dilution and hard to see them turn it around. Core brand to me looks to be in shambles, price points all over the shop, lacking identity, men’s ranges lacking any development. All starts with the Management and what they’ve got in there at the moment don’t seem to want to roll up their sleeves and dig in, just try catch a lucky break with investing in other brands.
ORL Price at posting:
78.0¢ Sentiment: Hold Disclosure: Not Held