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.
The prospect of David Jones falling into new ownership has kicked up a notch,with the boss of its parent company telling investors that all options are on the table regarding the department store’s future.
Following reports David Jones could be up for sale,what’s the future of fashion at our department stores?
Speculation about a sale of David Jones has reignited talk of market consolidation,with Myer and David Jones living under the same roof.