OrotonGroup looks set to cash in on its break up with Brooks Brothers.
The group has updated its forecast for fiscal 2015, after the conclusion of the sale of its share in Brooks Brothers Australia.
The Group now expects underlying group earnings before interest and tax (EBIT) to be approximately $6.7 million.
This is an improvement on the $4.5 million previously announced.
Oroton Group CEO Mark Newman said a further update would be provided at its full year results announcement on September 17.
"The improvement is primarily due to the better trading performance from our core Oroton brand in June and July and the exclusion from underlying ea rnings of our share of the trading losses in the Brooks Brothers joint venture for the year, given the disposal of OrotonGroup’s share of the Joint Venture, announced on 24th July 2015.
"The total impact of Brooks Brothers Australia on the OrotonGroup EBIT in FY15 will not be significant as OrotonGroup’s share of the Brooks Brothers Australia FY15 trading losses approximates the accounting gain on exit."
OrotonGroup announced a joint venture with Brooks Brothers in 2013 after Ralph Lauren concluded its 25 year partnership with the company.