The barbarians are well and truly at the gate when it comes to David Jones, the 188-year-old department store giant that has been gently gliding toward financial failure for years.
Already, many of the retailer’s cornerstone brands are heading for the hills, or curbing supply. And reported last month, its primary lender, British special situations specialist Hilco Global, has lined up restructuring advisors at McGrathNicol and Clifford Chance should anything go awry.
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