David Jones Enters Voluntary Administration, Faces Sale
Australia’s department store chain entered voluntary administration on Thursday. Its stores will continue operating under FTI Consulting’s control as the business faces a sale.
By Renju JoseAustralia's 188-year-old department store chain, David Jones, was placed into voluntary administration on Thursday, as rising costs, sluggish retail sales and supply chain pressures weighed on its business.David Jones stores will continue to operate under the control of FTI Consulting…