David Jones, the 188-year-old department store chain that is Australia’s premier retail incumbent, has succumbed to unprecedented cyclical headwinds after days of 11th-hour negotiations with its landlords failed to reach a suitable outcome.
Multiple people, who had been briefed on the development but declined to speak on the record due to the sensitive nature of the matter, told this column on Wednesday that discussions between the company and landlords had “irreconcilably” fallen over.
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