The expected but nevertheless shocking revelation that David Jones will be closing at least a proportion of its stores is likely to affect its workforce, with a workers union reinforcing its staunch support ahead of potential redundancies.
ACP Riley Street Midco, parent company of Australia’s oldest luxury department store, has appointed McGrathNicol as voluntary administrator after more than a decade of financial difficulties.
Jason Preston, Shaun Fraser, Jacinta Nielsen, and Matthew Hutton will take the role of administrators effective today, 5 November 2026.
One of the company’s lenders, Hilco, has separately appointed Christopher Hill, David McGrath and Joanne Dunn of FTI Consulting as receivers and managers, also…