David Jones enters receivership after 188 years
The 188-year-old Australian department store went into receivership. Rent talks with landlord Westfield failed.
Australian department store David Jones is now in receivership. Rent talks with key landlord Westfield failed.
The retailer runs 38 stores and has fallen behind on rent payments. The department store's chief executive is speaking to staff this morning at the company's Melbourne headquarters.
Staff and suppliers such as fashion brands now face uncertainty about the retailer's future. The Shop, Distributive and Allied (SDA) Employees Association wants to protect workers' jobs.
It wants to make sure all entitlements, including superannuation, are paid if positions are lost.
- 188 years
- Store age
- 38 sites
- Current store count
- Westfield
- Key landlord
Why it mattersThousands of retail workers may lose jobs. Suppliers will face unpaid invoices. This is one of Australia's oldest retail collapses.
AustraliaOne of Australia's oldest and largest department store chains is gone, affecting retail workers, fashion suppliers, and the high street retail landscape.
✓ Claims checked against the source and corrected before publish. checked 1 h ago
