Australian media is reporting that the iconic Australian David Jones department store chain could go into voluntary administration as early as Thursday.
The Australian Financial Review says it comes after talks with its landlords over its future have broken down.
The newspaper said David Jones’ owner private equity group Anchorage Capital Partners is expected to name insolvency firm McGrathNicol as voluntary administrator.
It said David Jones’ lender Hilco Capital was expected to appoint FTI Consulting as receivers.
David Jones has one store in New Zealand, in Auckland’s New Market.
It’s former Wellington store closed in 2022.
A spokesperson for Anchorage Captial partners earlier told the ABC that it would not comment on speculation, but…