David Jones

Although shoppers remain cautious, Scott Fyfe and Anchorage Capital are hoping their $250 million revamp will keep consumers spending.

March

David Jones pens new tech deal to power $35m fresh revenue

The Anchorage Capital-owned department store has signed up US advertising firm Criteo to help it boost revenue and profitability.

December 2023

Anchorage snags David Jones at 75pc discount

Anchorage paid $92.5 million for the group in March, but financial accounts show the full value of the company and its assets was closer to $376 million.

September 2023

Myer boss says it would be ‘very silly’ to recast strategy

John King’s comments come as Solomon Lew’s Premier Investments creeps up the company’s shareholder register.

August 2023

David Jones CEO: luxury spending remains but second-half sales slow

The former owners of the upmarket chain made just $30 million-odd profit on the sale to Anchorage Capital Partners.

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April 2023

David Jones in breach of Westfield leases as Scentre plays hard ball

The department store, which was acquired by Anchorage Capital Partners in a deal that closed last week, has 19 stores in the shopping centre giant’s properties.

March 2023

David Jones says no delay on new Latitude credit card

David Jones chief executive Scott Fyfe says Latitude Financial’s massive data breach has not changed the start date for its new store credit card.

How Anchorage Capital plans to turn around fortunes of David Jones

The PE firm has big plans for the 185-year-old department store with a vision to create a near $1b online business – but it won’t be easy.

Myer working with undercover cops to stem theft

Retailers across Australia are dealing with increased rates of theft, including from organised crime groups.

Myer rewards long-suffering investors, shares surge18pc

The department store chain posted its best profit since 2014, providing investors with a 4¢ dividend and a 4¢ special dividend that sent its shares surging.

Anchorage Capital sought last-minute funds from Coles

The grocery chain offered to push more goods through failed Scott’s Refrigerated Logistics trucks, but baulked at providing additional unsecured financing.

David Jones starts second half with bang: sales up 13.6pc

But the department store, being acquired by private equity group Anchorage Capital Partners, expects customers to pull back on spending in coming months.

February 2023

Solomon Lew nudges stake in Myer to 26pc

The department store will report half-year results next week, just as its major shareholder lifts its stake once again.

January 2023

David Jones picks Latitude as new credit card partner

The upmarket department store has penned a 10-year deal with the financial services company, ending its long-term relationship with Amex.

David Jones’ holiday sales inch up 2.3pc

The department store’s December half sales surged more than 30 per cent, but a more telling figure is the last six weeks through to Christmas Day.

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December 2022

The three keys to Anchorage’s David Jones turnaround plan

Private equity firm Anchorage is backing an iconic brand and a leader it believes can turn David Jones around.

David Jones sold for $100m, bought for $2.1b in 2014

David Jones is back in Australian hands after Sydney private equity firm Anchorage bought the upmarket department store for $100 million from its South African owners Woolworths who bought it for $2.1 billion in 2014.

Done deal: David Jones sold to PE investor Anchorage

Anchorage Capital dealmakers have got their hands on the Christmas present they wanted - a locked and loaded deal to buy 184-year-old retailer David Jones.

David Jones sale imminent, CEO to stay at the helm

The parent company’s boss Roy Bagattini flew to Australia over the weekend to give the tick on the deal that will end its ownership of the department store after nearly a decade.

Gird your ankles – high heels are back for summer

Shake off the sandals and the sneakers and get ready to party in splendour. Just be sure to keep your balance.

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