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David Jones reportedly close to insolvency as directors weigh options

Original: david jones department store financial status

David Jones, one of Australia's oldest department store chains, is reportedly in a dire financial position, with the Australian Financial Review reporting that directors are assessing the company's solvency. The report describes the retailer as being 'minutes from midnight', suggesting an urgent decision point over its ability to keep trading. Shoppers and industry watchers are closely following developments at the iconic Sydney-headquartered brand.

Why now: A prominent report suggesting the retailer may be close to insolvency has sparked concern about its future.

David JonesAustralian Financial ReviewAustralia

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Evidence

• David Jones is minutes from midnight as directors ponder solvency · AFR

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