The South-African owner of David Jones will hit the exit on a high this month after it turned the department store around but ahead of a softening in demand.
The upmarket retailer’s chief executive says there has been strong foot traffic in the department store at Christmas and beyond,despite clouds brewing on the horizon.
On the tools in the wrong singlet.
The new DJs could be sleeker,slimmer and more successful - but experts warn it’s a challenging path to glory for the department store’s new owners.
The South African retailer that sold David Jones to private equity firm Anchorage Capital is keen to hold on to Country Road Group and its stable of fashion brands.
Private equity firm Anchorage Capital partners has confirmed it has snapped up David Jones and says it will back its CEO.
David Jones looks set to be sold for $1.9 billion less than it was bought for eight years ago. So how much is the brand of this iconic store worth,and what could its new owners do with it?
It’s the week when,in terms of valuation,department store decline intersected with the high life for pets.
Speculation is swirling that the famed department store is on the cusp of being sold to private equity.
The corporate regulator is taking legal action against American Express for the way it distributed a David Jones credit card which many customers mistook for a loyalty card.
Speculation is growing that the department store’s owner is looking to make a deal - and it comes at a time of surprising strength for the sector.