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Marks & Spencer enters Australia through David Jones partnership

British retailer Marks & Spencer has debuted in Australia via a new partnership with local department store David Jones. The exclusive deal will initially see Marks & Spencer’s core lingerie and sleepwear range, including T-shirt bras, lace styles, shapewear and thermals, introduced to David Jones stores and its online website from July 14. The...

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Business

David Jones returning to Australian ownership

Anchorage Capital Partners has entered into a binding agreement with South African-based Woolworths Holdings Limited to acquire Australian department store chain David Jones for an undisclosed amount. In a statement, Australia’s leading private equity firm Anchorage Capital Partners said that it will acquire the 185-year-old department store and...

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