The future of iconic retailer David Jones is hanging in the balance on Thursday, with a decision on the retailer’s survival expected within hours.
The 188-year-old department store chain is facing possible voluntary administration after failing to pay rent at 17 Westfield shopping centres.
The future of David Jones is set to be decided early on Thursday. iStock
Its board was set to meet overnight, with thousands of jobs potentially on the line.
A decision about entering voluntary administration was expected to be made by Thursday morning.
Westfield’s parent company says David Jones is in breach of its tenancy agreement after failing to pay rent in October.
On Wednesday, Scentre, the parent company of Westfield, where 17 of David Jones’…