Department store chain David Jones Group has been placed into voluntary administration and receivership after months of turmoil.

McGrathNicol has been appointed voluntary administrators, with FTI Consulting as the receiver.

David Jones employs more than 6,000 staff across its 38 stores, which include one New Zealand site at Auckland’s Westfield Newmarket.

Australian correspondent Murray Olds says bricks-and-mortar retail has been in trouble for some time, and last-ditch talks have broken down.  

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Department store chain David Jones Group has been placed into voluntary administration and receivership after months of turmoil.
McGrathNicol has been appointed voluntary administrators, with FTI Consulting as the receiver.
David Jones employs more than 6,000 staff across its 38 stores, which include one New Zealand site at Auckland’s Westfield Newmarket.
Australian correspondent Murray Olds says bricks-and-mortar retail has been in trouble for some time, and last-ditch talks have broken down.&nbsp;&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Murray Olds: Australian correspondent on Australian retailer David Jones being placed into voluntary administration

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6a23e75a-6ad8-49cd-a790-b4f90045e7d7/transcript