Woolies finally sells its problematic David Jones subsidiary
4.7 (781) · € 25.99 · In Magazzino
While the deal is loss-making, it will remove R17 billion in liabilities from Woolworths’s balance sheet.
![David Jones](https://image.slidesharecdn.com/davidjones-231207140424-ff55bdf9/85/david-jones-1-320.jpg?cb=1702086066)
David Jones
Firm sells David Jones for $120m after paying $2b eight years ago
![Woolworths' Quest for Southern Hemisphere Domination Dented - Bloomberg](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iL50osKm5jjk/v1/-1x-1.jpg)
Woolworths' Quest for Southern Hemisphere Domination Dented - Bloomberg
![South Africa's Woolworths Sells Australia's David Jones Chain to Anchorage - Bloomberg](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iHDeEQUHKAgM/v2/-1x-1.jpg)
South Africa's Woolworths Sells Australia's David Jones Chain to Anchorage - Bloomberg
Done deal: David Jones sold to PE investor Anchorage
David Jones owner Woolworths Holdings says buying the store didn't make sense
![Australian PE firm Anchorage Capital acquires David Jones from Woolworths - Just Style](https://www.just-style.com/wp-content/uploads/sites/27/2022/12/David-Jones-1-150x150.jpg)
Australian PE firm Anchorage Capital acquires David Jones from Woolworths - Just Style
![Lockdown Down Under: Woolworths' near-term fate depends on Australian authorities](https://cdn.24.co.za/files/Cms/General/d/10147/faad23076ad146699b8d65f78daa6620.jpg)
Lockdown Down Under: Woolworths' near-term fate depends on Australian authorities
![Woolworths Said to Near Sale of Department Store David Jones - Bloomberg](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/io621QRP6uso/v1/1200x800.jpg)
Woolworths Said to Near Sale of Department Store David Jones - Bloomberg