David Jones is reportedly on the brink of entering voluntary administration as fears of its potential collapse grow.
The 188-year-old department store chain may enter voluntary administration within the next few days amid financial difficulties, delayed payments to suppliers and questions over the future of its 38 stores, The Australian reported.
The prospect of administration has intensified following a reported breakdown in negotiations with major landlords over lease arrangements, according to the Australian Financial Review.
Westfield owner Scentre Group reportedly offered David Jones a financial…