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Woolies finally sells its problematic David Jones subsidiary

4.7 (781) · € 25.99 · In Magazzino

Woolies finally sells its problematic David Jones subsidiary

While the deal is loss-making, it will remove R17 billion in liabilities from Woolworths’s balance sheet.

David Jones

David Jones

Firm sells David Jones for $120m after paying $2b eight years ago

Firm sells David Jones for $120m after paying $2b eight years ago

Woolworths' Quest for Southern Hemisphere Domination Dented - Bloomberg

Woolworths' Quest for Southern Hemisphere Domination Dented - Bloomberg

South Africa's Woolworths Sells Australia's David Jones Chain to Anchorage  - Bloomberg

South Africa's Woolworths Sells Australia's David Jones Chain to Anchorage - Bloomberg

Done deal: David Jones sold to PE investor Anchorage

Done deal: David Jones sold to PE investor Anchorage

David Jones owner Woolworths Holdings says buying the store didn't make  sense

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

Australian PE firm Anchorage Capital acquires David Jones from Woolworths - Just Style

Lockdown Down Under: Woolworths' near-term fate depends on Australian  authorities

Lockdown Down Under: Woolworths' near-term fate depends on Australian authorities

Woolworths Said to Near Sale of Department Store David Jones - Bloomberg

Woolworths Said to Near Sale of Department Store David Jones - Bloomberg