The ultimate owner of David Jones has categorically denied claims that lender Hilco Capital has appointed insolvency and restructuring firm McGrathNicol to advise on its exposure to the department store, as the retailer pushes back against reports questioning its financial position.
The Riley Street Group, described as the ultimate owner of David Jones and backed by Anchorage Capital Partners, has written to ChannelNews rejecting reports published last week by ChannelNews and other Australian media concerning Hilco and McGrathNicol.
Lawyers acting for the company claim there have been no meetings involving Hilco, its lawyers, McGrathNicol and David Jones landlords.
“There have been no meetings between any Hilco, its…