Ben Nothling’s footwear business Holster has been caught up in the collapse of the retail institution that was founded by his forebear.
A scion of the family that founded the 188-year-old department store David Jones, which was placed into voluntary administration earlier this month, is owed money from its collapse.
Ben Nothling, the great-great-great grandson of the founder David Jones, says he is owed $130,000 for supplying women’s shoes and sandals to the upmarket retail group.
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Property giants that operate some of Sydney’s biggest shopping centres are scrambling to decide how they will fill the spaces vacated by the collapsed retailer.
Some suppliers think a streamlined David Jones could be good news for their sales if it encourages more shoppers into fewer, higher-performing stores.
See the full list of store closures.
Talks about the department stores financial troubles and restructuring scenarios started months ago, a report to creditors says.
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