All 38 of its stores and its website remain operational. The owner of Westfield centers reported an unpaid October rent just hours before the decision.
The Australian department store chain David Jones entered voluntary administration on Thursday, November 5, following several years of financial difficulties. The retailer, which employs approximately 6,000 people, continues its operations while its situation is being assessed.
All 38 of its stores and its online sales platform remain operational. The firm McGrathNicol has been appointed as the administrator, while FTI Consulting has been designated to review the company’s operations as part of the administration process.
This procedure is intended to give David Jones time to restructure…