David Jones owners retain Joe Hockey to manage political fallout
Anchorage Capital Partners has hired Joe Hockey's firm to manage political fallout from David Jones entering administration.
David Jones went into administration last week. This was after three years under private equity owner Anchorage Capital Partners.
The collapse affects more than 6000 jobs. Anchorage has hired Joe Hockey's lobbying firm Bondi Partners.
It will manage political fallout in NSW and federal governments before state elections. Lobbying disclosures show Anchorage is focused on managing its reputation.
The investment firm declined to comment. Bondi Partners said it does not discuss clients.
Anchorage told media it was still considering the matter. The firm might participate in a sale to buy David Jones back out of administration.
- More than 6000
- Jobs at risk
- Three years
- Time under Anchorage
- Bondi Partners
- Lobbying firm retained
Why it mattersThe move shows how serious the political damage is. A major private equity firm is spending on lobbying to protect its interests during a national retail collapse.
AustraliaSix thousand Australian jobs are in limbo as state governments prepare for elections; the crisis could become a political flashpoint.
Corroborated byWAtoday·Brisbane Times
✓ Claims checked against the source and corrected before publish. checked 27 min ago
