David Jones Enters Administration Over Unpaid Rent
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David Jones, Australia's oldest department store, has entered administration after failing to pay rent for several months. The iconic retailer, which has operated for 188 years, has not paid rent since September for its Westfield stores, according to its landlord. Negotiations between David Jones and its landlords broke down, leading to the company's collapse. All 38 physical stores and the online site will continue operating while receivers review the business.
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On the edge: David Jones stopped paying rent on major stores David Jon...
On the edge: David Jones stopped paying rent on major stores David Jon...
David Jones is on the brink of collapse as urgent negotiations between...
David Jones on brink of collapse and behind on rent to Westfield One...
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