David Jones, the 188-year-old upmarket department store chain, is set to be tipped into administration after talks with its landlords over the future of its stores broke down.
The company’s directors are expected to name insolvency firm McGrathNicol as voluntary administrator, while David Jones’ lender, Hilco Capital, is expected to appoint FTI Consulting as receivers, as first reported by this masthead on Wednesday.
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