David Jones sold back into Australian ownership

Department store David Jones has been sold back into Australian hands after its South African owner sold it to private equity firm Anchorage Capital at a significant loss on the purchase price. According to data from the Australian Financial Review, Woolworths Holdings acquired the upscale shopping franchise in 2014 for $2 billion and has resold it for between $120-150 million. Via news.com.au — Australia’s leading news site https://www.news.com.au