David Jones collapses into voluntary administration after landlord talks break down

David Jones collapses into voluntary administration after landlord talks break down

Australia's 188-year-old department store David Jones entered voluntary administration after owner Anchorage Capital Partners failed to strike a rent deal with Westfield operator Scentre Group. The chain continues to trade under receivers as thousands of jobs hang in the balance. Also in this briefing: former officer Beau Lamarre-Condon claims self-defence in his double murder trial; National Australia Bank warns unemployment could reach 5.5 per cent as bad debts jump; and the annual Scanlon survey documents record national pessimism.

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Show notes

David Jones entered administration after one hundred and eighty-eight years over unpaid shopping centre rents.

The department store may shrink from thirty-eight stores down to just twelve premier flagship locations.

Beau Lamarre-Condon claimed self-defence on the witness stand during his double murder trial.

National Australia Bank warns unemployment could reach five point five percent as bad debts jump.

A record fifty-nine percent of Australians now believe immigration intake is too high.

In this episode
  1. 01Intro1 min
  2. 02David Jones collapses into voluntary administration after landlord talks break down: What happened3 min
  3. 03David Jones collapses into voluntary administration after landlord talks break down: What comes next2 min
  4. 04Beau Lamarre-Condon takes stand in double murder trial, claiming self-defence1 min
  5. 05NAB warns unemployment could hit 5.5% as annual profit drops and bad debts jump1 min
  6. 06Scanlon survey shows record pessimism and growing division over immigration1 min
  7. 07Outro1 min
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David Jones collapses into voluntary administration after landlord talks break down — Fylom