Finance2 sources
David Jones faces administration after failed landlord talks
- David Jones, a 188-year-old department store, is poised to fall into administration.
- Talks with its primary landlord, Scentre Group, failed to reach an agreement.
- Five David Jones stores are in immediate danger of closure.
- The company has been losing millions, exacerbating its financial difficulties.
- The future of the upmarket department store chain is now uncertain.