The Billionaire Who’s a Winner From David Jones’ Collapse

The billionaire who’s a winner from David Jones’ collapse

Myer and its billionaire backer Solomon Lew will endure some short-term pain as the corporate undertakers now running David Jones raise money for the cash-strapped group any way they can. But as Anchorage Capital’s interest in a bid for the restructured business gains momentum, there might be a buck to be made from the misery after all.

David Jones 2.0: Who Pays For Anchorage’s Second Chance? – channelnews

Before anyone starts celebrating a reborn “David Jones 2.0”, there is one question that deserves an answer: who gets left with the bill? Because if Anchorage Capital Partners emerges owning a leaner retailer after suppliers take losses, landlords make concessions and staff lose their jobs, the applause should wait. The private equity firm that bought David Jones promising a turnaround should have to explain why it deserves another go—and what ev…

David Jones’ private equity owner mulls taking back failed retailer

Anchorage Capital Partners has told suppliers that it could “put forth a proposal including a restructured store footprint” described as David Jones 2.0.