November 11, 2026 — 10:45am

David Jones’ private equity owners convened a meeting with representatives from insolvency specialist McGrathNicol and lender Hilco as early as July to look at restructuring options before further meetings in late October led to the formal appointment of voluntary administrators.

Representatives from each party met on July 27 to “discuss and understand David Jones Group’s financial performance and potential restructuring scenarios” and set up a working group to continue regular discussions, according to an initial report to creditors.

David Jones, Bourke Street Mall, Melbourne: Initial talks about the department store’s financial troubles and restructuring scenarios started in late July.…