MoneywebWoolworths’s R21.5bn Australian gamble ends in David Jones collapse
Once hailed as a transformative acquisition, the historic retailer has entered administration three years after Woolworths sold it for R1.5bn.
News
News about David jones
Follow to see every story about this in your feed.
4 915 stories from 17 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing matches. Clear
Moneyweb
News24 BusinessAustralian retailer David Jones – sold at a loss by Woolworths – enters business rescue
Australia’s 188-year-old department store chain, David Jones, was placed into voluntary administration – similar to South Africa’s business rescue process – on Thursday as rising costs, sluggish retail sales and supply chain pressures weighed on its business.