David Jones expected to fall into administration after failed 11th hour talks with biggest landlord
· theguardian.com · popularity 35/100 · 0 similar stories today · International Relations & World Affairs (Politics & Government)
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Summary
Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group Get our breaking news email , free app or daily news podcast 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. The upheaval follows years of steep losses, weak consumer spending and a string of underperforming stores that left the heritage retailer defaulting on its rent. Continue reading...
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