Department store, David Jones has entered voluntary administration with McGrathNicol appointed administrators to assess the company’s financial position and explore next steps, and FTI Consulting appointed receivers to take control of the business and oversee its operations.
David Jones’ physical and online stores continue to trade under the control of FTI Consulting, while they review the current operations.
David Jones CEO, Erica Berchtold said, “David Jones is an iconic company and so many Australians have stories and memories of visiting DJ’s stores and I thank customers, our team members and our partners for their continued support for David Jones through this period.
“We have a well-developed plan on how…