David Jones enters administration as Perth store faces rent claim
The 188-year-old retailer will keep trading while administrators and receivers review the business. Its Perth CBD landlord says the store is A$1.5 million behind on rent.
Updated
What’s new: David Jones has entered administration and receivership, and The West Australian reports its Perth CBD store is A$1.5 million behind on rent.
David Jones has entered voluntary administration and receivership after talks with landlords broke down. Its stores and online business are continuing to trade while the business is reviewed. BBC NewsRNZThe Australian Financial ReviewNewstalk ZB
The West Australian reports the landlord of the Perth CBD flagship says it is A$1.5 million behind on rent and is considering replacement tenants. The West Australian
Scentre Group, which owns Westfield, said David Jones had not paid rent for October and was in breach of its tenancy agreement. Store closures and job losses are possible as the review proceeds. BBC NewsThe Sydney Morning HeraldThe Guardian