Retailer David Jones Group has been placed into voluntary administration and receivership following months of turmoil in the business.
McGrathNicol was appointed voluntary administrators yesterday, according to its website, while FTI Consulting is the receiver.
The Australian Financial Review (AFR) reported that David Jones chief executive Erica Berchtold and key figures from its private equity owner, Anchorage Capital Partners, would address staff on Thursday morning (local time).
The Herald understands NZ store managers were on the call this morning about its future.
Anchorage Capital Partners has owned David Jones since 2023, buying it for less than A$100 million from South Africa’s Woolworths.
David Jones, which is…