David Jones on the brink of collapse, behind on Westfield rent

David Jones could enter administration within about a day as its three-person board prepares to meet. Westfield owner Scentre Group says the chain has paid no rent since September and rejected a rescue offer that would have kept it trading. Private equity firm Anchorage Capital Partners bought the business from Woolworths Holdings in 2022. It runs 43 stores across Australia and New Zealand.