Major Australian retailer David Jones’s days could be numbered, as shopping centre Westfield confirms the department store chain has not paid rent since September and is in breach of its contracts.
A decision on the future of David Jones could be made within the next 24 hours.
The ABC understands the three-person board of the 188-year-old retailer will need to meet imminently to decide whether to put David Jones into administration.
Scentre Group, the owner of Westfield, issued a stock market update, revealing its financial exposure to the embattled department store.
David Jones has a network of 43 stores in Australia and New Zealand. (AAP: Dan Himbrechts)
It noted the chain occupied space at 17 Westfield locations and said David Jones had…