SMH
·general
·4 hours ago
David Jones secures refinancing deal, extends facility to $190 million
David Jones secured a refinancing deal with Gordon Brothers, extending its $150 million to $190 million facility without additional funds. The iconic Australian retailer, struggling with structural decline, reported a loss of $74 million in 2024 and faced pressure from confused suppliers due to delayed payments. Despite strong trading conditions in early 2026, ongoing challenges remain.
Summary by Glance · SMH
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