Department stores will be very concerned about the possibility of a COVID second wave.
Traditionally when administrators are appointed, trade creditors are generally a large unsecured group that are left with no recourse other than trade creditor insurance. that there was an increased likelihood of divestment of the Australian businesses. The company denied it then.David Jones in 2014 for $2.1 billion
David Jones chose not to comment on whether potential buyers had been approached but a spokesman noted the $75 million loan from its parent had not been drawn down.Credit:Last month UBS was appointed to review the capital structure and property portfolio of David Jones and to provide strategic advice to Woolworths Holdings Australian business including the Country Road Group, which owns Country Road, Witchery, Trenery, Mimco and Politix.
they should've embraced the online shopping experience 20 odd yrs ago, instead they clung to the current model and like the dinosaurs they'll die out
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Australians keeping small businesses alive during COVID-19 by 'buying from the bush'New research has shown almost half of Australians increasingly shopped online for services during the COVID-19 pandemic and 70 per cent actively chose to support local companies. How about God save our queen ? When will the media start talking about how so many Australians are affected by the international borders for reasons OTHER than “going on holiday”? All media sources only mention holiday-makers. People’s families/relationships are torn apart right now by the border ban
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