November 5, 2026 — 9:03am

David Jones has been handed over to administrators and receivers for the first time in its 188 years of trading.

Staff were informed this morning that its board voted to appoint voluntary administrators from McGrathNicol. The failed retailer’s lenders then appointed FTI Consulting as receivers to the group, and they will run the business until it is restructured and put up for sale.

Administrators have been appointed after David Jones’ landlords failed to reach an agreement with its landlords.Simon Schluter

FTI is expected to make an update on store closures and job losses later this week.

The collapse was triggered after the department store operator’s private equity owners failed to reach a deal with major landlord Scentre Group on store closures and its rent bill.

Jessica Yun is a business reporter covering retail and food for The Sydney Morning Herald and The Age.Connect via X or email.

Colin Kruger is a senior business reporter for the Sydney Morning Herald and The Age.Connect via email.

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Source: The Sydney Morning Herald · Jessica Yun, Colin Kruger

At a glance

Topic
Business
Country
🇦🇺 AU
Publisher language
EN
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