David Jones expected to fall into administration after failed 11th hour talks with biggest landlord
The Guardian1 min read1 reads
Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group
David Jones’s woes follow years of steep losses and weak consumer spending. Photograph: Joel Carrett/AAPDavid Jones’s woes follow years of steep losses and weak consumer spending. Photograph: Joel Carrett/AAPDavid Jones expected to fall into administration after failed 11th hour talks with biggest landlord
Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group
David Jones is poised to fall into administration after 11th-hour talks between its private equity owner and primary landlord broke down, putting the future of the 188-year-old upmarket department store chain at risk.
