David Jones enters voluntary administration after 188 years, putting jobs at risk

The short version

• Australia's oldest department store chain, David Jones, has entered voluntary administration after 188 years.[BBC News]
• Talks between its owner and landlord Scentre Group broke down, and Scentre says the retailer had not paid rent.[The Guardian]
• The BBC reports about 6,000 staff across 38 stores, and the stores and online shop will keep operating during the review.[BBC News]
• Administrators and receivers are reviewing the business, and its future remains unresolved.[BBC News]

Key facts

• David Jones has entered voluntary administration, putting thousands of jobs at risk.[BBC News]
• Talks between owner Anchorage Capital Partners and landlord Scentre Group broke down before the administration.[The Guardian]
• Scentre said David Jones had not paid rent since September and was therefore in breach.[The Guardian]
• BBC reporting cited Scentre saying David Jones had not paid October rent and was in breach of its tenancy agreement.[BBC News]
• BBC reporting says David Jones employs about 6,000 staff across 38 physical stores.[BBC News]
• McGrathNicol said the physical and online stores will keep operating while receivers FTI Consulting review the company.[BBC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• David Jones expected to fall into administration after failed 11th hour talks with biggest landlordThe Guardian - World
• Australia's oldest department store David Jones collapses after 188 yearsBBC News - Business
• David Jones goes into administration, with thousands of jobs at riskThe Guardian - World