AI summary
David Jones faces administration after failed landlord talks, threatening the survival of the 188-year-old Australian department store chain.
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David Jones expected to fall into administration after failed 11th hour talks with biggest landlord
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Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre GroupGet our breaking news email, free app or daily news podcastDavid Jones is poised to fall into administration after 11th-hour talks between its private equity owner and primary landlord broke down, putting the future of the 188-year-old upmarket department store chain at risk.The upheaval follows years of steep losses, weak consumer spending and a string of underperforming stores that left the heritage retailer defaulting on its rent. Continue reading...
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