David Jones

During December 2022, Anchorage Capital Partners Fund IV announced the acquisition of David Jones, Australia’s pre-eminent omni channel retailer of world class brands.

David Jones is Australia’s premier omni-channel department store and an iconic Australian brand, positioned as a premium and luxury offering with complementary services across fashion and beauty with an 184 year heritage. It has a store network of 43 stores across Australia and New Zealand, with over 50 million in-store visits per annum and a deep customer base.

Over the past two years, performance has been impacted by COVID lockdowns and restrictions. Further, the business was owned by an offshore parent who is increasing their focus on other operations across their group. Accordingly, Anchorage Capital Partners have identified several key investment levers that provide a clear path to uplift earnings.

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