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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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.
See the full list of store closures.
David Jones's receiver is set to close a significant chunk of the retailer's department stores.
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