David Jones will be acquired by private equity firm Anchorage Capital Partners, bringing the iconic Australian business back into local ownership. The iconic retailer’s current owner, Woolworths Holdings Limited (WHL), and Anchorage Capital Partners entered into a binding agreement today that will see Anchorage acquire the David Jones operating business.Continue Reading
Rumours are swirling that department store giant David Jones will change ownership before Christmas. The Australian Financial Review has reported that private equity firm Anchorage Capital is expected to buy David Jones from South African parent company Woolworths Holdings. The company bought the business eight years ago for $2.1bn. TheContinue Reading
Good Morning America hosts TJ Holmes and Amy Robach have been taken off air just days after it was claimed they’d been having an affair. It has been reported that presenters Stephanie Ramos and Gio Benitez will now host the spin-off show GMA3 this week while US network ABC figuresContinue Reading
David Jones in Adelaide has been slammed for a new move that really isn’t feeding the Christmas cheer. The department store will now be charging parents for their kids to take a photograph with the resident Santa Claus at the Central Plaza store. For the first time in 126 years,Continue Reading