Technology
Failed Australian Chain David Jones in Limbo in Hunt for Buyer
Key Points
Consumer Failed Australian Chain David Jones in Limbo in Hunt for Buyer The fate of failed Australian department store David Jones may not be known for months after the retailer’s administrators said they would seek additional time to pursue a sale or recapitalization. While the first meeting of David Jones’ creditors is scheduled for Nov. 17, a key second gathering to decide on the company’s future could be pushed back by three months, administrators at McGrathNicol said in an information...
Consumer
Failed Australian Chain David Jones in Limbo in Hunt for Buyer
The fate of failed Australian department store David Jones may not be known for months after the retailer’s administrators said they would seek additional time to pursue a sale or recapitalization.
While the first meeting of David Jones’ creditors is scheduled for Nov. 17, a key second gathering to decide on the company’s future could be pushed back by three months, administrators at McGrathNicol said in an information circular on Tuesday. The second creditors’ meeting is usually held within six weeks.