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Is David Jones Anchorage Capital’s Next Dick Smith? Hilco Readies For Insolvency – channelnews

David Jones’ lender Hilco Capital has hired insolvency firm McGrathNicol to advise on its position, a move suppliers fear could end with the 188-year-old department store in administration or receivership and Anchorage Capital Partners chalking up another high-profile retail failure. According to sources Hilco, David Jones’ primary lender, has lined up McGrathNicol and law firm…