Former David Jones chief executive Scott Fyfe is seeking to force the department store chain and its private equity owner to buy out his family’s shareholding, but the retailer’s collapse into voluntary administration has cast uncertainty over the lawsuit.
Fyfe filed proceedings in the Supreme Court of Victoria at the end of last month, seeking orders compelling David Jones’ parent company, ACP Riley Street Group, or its private equity owner, Anchorage Capital Partners, to purchase all shares held by entities associated with him.
Gift articles to anyone you choose each month when you subscribe.
