A retail expert has warned that department store giant David Jones could “finally falter” amid a perfect storm of dire economic conditions and ongoing hardships being faced by the iconic Aussie brand. Dozens of staff will be impacted after the company announced one of its flagship stores at the EastlandContinue Reading
It has taken just eight years for iconic Australian retailer David Jones to go from being worth $2.1 billion to now being sold for as little as $100 million. DJs’ South African owner Woolworths Holdings (no relation to Australia’s Woolworths Group) confirmed on Monday the department store would be soldContinue Reading
David Jones has been bought by an private equity firm just years after it was sold to another company for billions. Australian private equity firm Anchorage Capital Partners announced on Monday that it would acquire the iconic brand from previous owners, South African-based Woolworths Holdings Limited. Neither company has confirmedContinue Reading
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