Australian department store David Jones has appointed administrators and receivers after a lengthy battle this year to rightsize the business.
Christopher Hill, David McGrath and Joanne Dunn of FTI Consulting have been appointed as receivers and managers of ACP Riley Street Midco Pty Ltd and its associated companies, by the companies’ secured lender following the appointment of voluntary administrators.
ACP Riley Street Midco Pty Ltd is the parent company of David Jones Pty Limited.
Jason Preston, Shaun Fraser, Jacinta Neilsen and Matthew Hutton of McGrathNicol were appointed as voluntary administrators by the directors of the companies at the same time.
David Jones’ physical and online stores are continuing to trade under the…