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David Jones set to shut half of its stores

Published by Australian Financial Review · Australia 9 h ago
David Jones set to shut half of its stores
Australian Financial Review

Detailed summary

FTI Consulting is due to speak with suppliers today, when it is expected to announce the closure of 19 of 38 David Jones locations.

David Jones’ receiver, FTI Consulting, is expected to announce the closure of half of its stores in a major restructure of the upmarket chain when it speaks with suppliers on Wednesday.

FTI was appointed receiver last week by lender Hilco Capital, after McGrathNicol was appointed voluntary administrator by the retailer’s board.

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