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David Jones's administrators say its finances were reviewed and restructuring discussed months before administration

By ChordNews · First written

David Jones’s finances were reviewed and restructuring flagged months before it fell into administration
Image: theguardian.com
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Summary

David Jones's administrators have revealed they reviewed the department store group's finances six months ago and discussed restructuring it three months before it fell into administration. The new timeline raises questions about the retailer's decision to keep buying new products, and to fall months behind in payments to some brands, before it said last Thursday that it could not pay its debts.

This continues an earlier story: David Jones collapses into voluntary administration after talks with its biggest landlord fail

Timeline

  1. The Guardian

    Source ↗

    Reports that David Jones's administrators revealed they reviewed its finances six months ago and discussed restructuring three months before it fell into administration, raising questions about its continued purchasing and months-long payment delays to some brands.

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