David Jones goes into administration, with store closures expected and thousands of jobs at risk
The upheaval follows years of steep losses and underperforming stores that left the heritage retailer falling behind on rent, culminating in a breakdown of…
The Guardian reported that the upheaval follows years of steep losses and underperforming stores that left the heritage retailer falling behind on rent, culminating in a breakdown of negotiations with its primary landlord, Westfield owner Scentre Group.
Key details
- Location
- Australia · Oceania
- Reported by
- The Guardian
- First reported
- Key names
- David Jones, Westfield, Scentre Group
- Section
- Business
Sources
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