David Jones’s finances were reviewed and restructuring flagged months before it fell into administration
· theguardian.com · popularity 35/100 · 0 similar stories today · Shopping, Retail & E-commerce (Shopping, Retail & Consumer)
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Summary
Department store group kept buying new products and fell months behind in payments to some brands despite discussions with administrators Get our breaking news email , free app or daily news podcast David Jones’s administrators have revealed they reviewed its finances six months ago and discussed restructuring the retailer three months before it fell into administration. The new timeline raises questions over the department store group’s decision to keep buying new products and fall months behind in payments to some brands before it revealed last Thursday it could not pay its debts. Continue reading...
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