EconomyDavid Jones finances reviewed and restructuring discussed months before administration
Administrators said they examined David Jones’s finances six months before the department store entered administration and discussed a possible restructuring three months beforehand. The retailer continued buying products while falling months behind on payments to some brands. Unsecured creditors could face substantial losses, particularly suppliers and customers with unredeemed gift vouchers.
TThe Guardian★★☆☆☆2026-11-10 10:04Original
David Jones finances reviewed and restructuring discussed months before administration
Economy