David Jones descendant faces losses as family retailer collapses
Ben Nothling, descendant of David Jones founder, is owed money as the retailer collapses.
Ben Nothling started his shoe brand, Holster, 25 years ago on Queensland's Sunshine Coast and got it into David Jones stores in 2011. Now the retailer is collapsing, and he is owed money.
Nothling is owed $130,000 for first summer shipments plus about $118,000 in stock at wholesale value. Nothling is descended from the Welsh immigrant who opened the first David Jones store on George Street in Sydney in 1838.
The family controlled the retailer for 140 years before selling in the 1980s. David Jones owes $320 million overall, with $100 million owed to suppliers and trade creditors.
Other affected suppliers include Jacob Leung's Slowdown Studio, which is owed $75,000 for handwoven blankets.
- $248,000
- Amount owed to Nothling
- More than 30 countries
- Holster brand presence
- 1838
- David Jones founded
- $75,000
- Slowdown Studio owed
Why it mattersSmall Australian businesses face serious cash flow problems and are waiting to reclaim money owed during the busiest retail season of the year.
AustraliaDozens of Australian suppliers are left unpaid, threatening small businesses and jobs as the Christmas shopping peak arrives.
✓ Claims checked against the source. checked 6 h ago
