David Jones Slides Into Loss as Private Equity Owner Works Its Debt

David Jones slides into loss as private equity owner works its debt

Anchorage Capital Partners says it is “working on a new capital structure” to support the business amid challenging conditions for department stores chains.

channelnews : David Jones Posts $74M Loss as Anchorage Seeks Financial Lifeline

Department store giant David Jones has plunged into the red, posting a $74.4 million loss for the year ending June 2024, according to the Australian Financial Review. The figures, quietly filed with corporate regulators, reveal mounting pressure as private equity owner Anchorage Capital Partners scrambles to find financial support. The loss marks a stark reversal...

Inside Big W’s slow decline – and what Woolworths might do next

As Big W posts a $70 million loss, pressure mounts on Woolworths to decide the chain’s future amid stalled recovery.