David Jones enters administration; stores continue operating during review

Business · First reported 4 Nov, 22:21 · Updated 01:55

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Australian department store David Jones has entered administration after 188 years. Its 38 stores and online site will continue operating while receivers review the business; restructuring and potential store closures and job losses are possible.

David Jones entered administration after negotiations with landlords over unpaid rent broke down.
The company operates 38 stores across Australia and New Zealand, and more than 6,000 jobs are at risk.
The stores and online operations will continue trading while receivers review the business.
A process to seek potential buyers or new investment is due to begin immediately; store closures and job losses are expected as part of restructuring.

Summary written by Lux AI from 3 articles

Key facts

Administration: David Jones entered administration after 188 years of trading.
Stores: The company operates 38 stores across Australia and New Zealand.
Jobs: More than 6,000 jobs are at risk.
Trading: Stores and online operations will continue while the business is reviewed.
Next steps: A process to seek potential buyers or new investment will begin immediately.