Anchorage Capital Partners is considering ways of providing financial support to ailing retailer David Jones as the department store slides into a deep loss and warns of challenging conditions.
Anchorage acquired David Jones in 2022 from Woolworths Holdings, the South African retailer which also owns Country Road Group. It does not publicise its accounts, but filings with the corporate regulator show the company slid to a $74.4 million loss in the 12 months to June 29.
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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
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
