Upmarket department store David Jones has ditched its long-term credit card partner American Express and penned a 10-year deal with Latitude Financial.
David Jones was snapped up by Anchorage Capital days before Christmas following a sales process by its South African owners. The firm will take full control of the retailer at the end of March.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
