Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Australian Chain David Jones Collapses After Almost 200 Years
Business & Finance

Australian Chain David Jones Collapses After Almost 200 Years

Bloomberg Markets Wednesday 04 November 2026, 23:44 UTC By Angus Whitley 1 min read
Key Points

Australian Chain David Jones Collapses After Almost 200 Years Australia’s oldest department store David Jones collapsed on Thursday, finally succumbing after almost 200 years to a digital era that sent shoppers to cheaper and nimbler online rivals. executives have been appointed as voluntary administrators, while FTI Consulting staff were named receivers, according to a statement. The chain’s physical and online stores are continuing to trade, while McGrathNicol is seeking buyers or offers...

Australian Chain David Jones Collapses After Almost 200 Years Australia’s oldest department store David Jones collapsed on Thursday, finally succumbing after almost 200 years to a digital era that sent shoppers to cheaper and nimbler online rivals. McGrathNicol executives have been appointed as voluntary administrators, while FTI Consulting staff were named receivers, according to a statement. The chain’s physical and online stores are continuing to trade, while McGrathNicol is seeking buyers or offers to recapitalize the business.
Australian (ORG) David Jones (PERSON) Australia (LOCATION) FTI Consulting (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Japan services activity expands for fifth month, PMI shows

Japan services activity expands for fifth month, PMI shows TOKYO, Nov 5 : Japan's service sector expanded modestly in October as activity and new orders both rose slightly faster, a business survey showed on Thursday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) edged higher to 51.7 in October from 51.3 in September, a survey by S&P Global showed, marking a fifth straight month of expansion but coming in below the flash reading of 52.0. The 50-mark separates growth...

Channel News Asia 20m ago

Australia's NEXTDC rallies; calls Goodman, Digital Realty share bid 'opportunistic'

Australia's NEXTDC rallies; calls Goodman, Digital Realty share bid 'opportunistic' Nov 5 : Australian data centre operator NEXTDC said on Thursday its board considered an aftermarket book build by an entity owned by Goodman Group and Digital Realty to be "opportunistic", and that it had received no takeover proposal. Shares of NEXTDC rallied in early trade, jumping as much as 45.8 per cent to A$9.52 by 2336 GMT and eyeing its strongest intraday gain ever. The stock had lost 45.8 per cent in...

Channel News Asia 25m ago

DBS third-quarter net profit falls 5% on year, misses forecasts

DBS third-quarter net profit falls 5% on year, misses forecasts The bank on Thursday appointed independent board director Anthony Lim as chairman from Jan 1, 2027, succeeding Peter Seah, who will step down after 16 years in the role. SINGAPORE: DBS Group, Singapore's biggest bank, warned on Thursday (Nov 5) of growing global uncertainty due to elevated energy prices, higher interest rates and geopolitical risks as market volatility pushed its earnings lower. The bank also announced on...

Channel News Asia 35m ago

Millions of households stockpiling tins and bottled water after official advice, research suggests

Millions of households stockpiling tins and bottled water after official advice, research suggests Research suggests large numbers of people have taken up the government's advice to stockpile certain items More than one in three UK adults have started stockpiling tins and dried goods, or aim to, in the wake of the government’s advice, research has revealed. A similar number are doing the same with bottled water, one in four with spare batteries, and the same for toiletries. Only 44% say...

Daily Mirror 43m ago