Behind closed doors: Inside the $5 million meeting that sealed the downfall of David Jones

The Sydney Morning Herald - Nov 6, 2026

The ugly, inglorious end to the 188-year-old luxury department store came down to $5 million in unpaid rent.

Read full article

More News

Six things to know about David Jones on the brink
Nov 6, 2026

Six things to know about David Jones on the brink

Is the company dead? Will everything be on sale? And can shoppers still redeem gift cards at the department store stalwart?

‘Still no payment’: David Jones suppliers vent after collapse
Nov 6, 2026

‘Still no payment’: David Jones suppliers vent after collapse

Small businesses that supply the department store will take a financial hammering from the company’s dramatic collapse.

My partner’s colleagues are always off sick. Is it wrong to speak up?
Nov 5, 2026

My partner’s colleagues are always off sick. Is it wrong to speak up?

It’s no secret that schools, to a great extent, run on the goodwill of staff. But this is taking it too far.

Is this even legal? Ten’s staff scratching their heads over ‘buyout’ offer
Nov 5, 2026

Is this even legal? Ten’s staff scratching their heads over ‘buyout’ offer

Network Ten insists its cost-cutting drive is not a redundancy round. But it sounds a lot like one.

Billionaire Paul Little pitches $8m South Yarra site near Melbourne High
Nov 5, 2026

Billionaire Paul Little pitches $8m South Yarra site near Melbourne High

Billionaire Paul Little is having another stab at selling a development site overlooking prestigious Melbourne High School’s hockey pitch.

Cutting government spending may slow prices, but it could bring on something worse
Nov 5, 2026

Cutting government spending may slow prices, but it could bring on something worse

Both the Reserve Bank and government are copping blame for things out of their control. But bending to pressure might put us in a worse position.

Can’t get into Qantas’ exclusive Chairman’s Lounge? There soon may be another option
Nov 5, 2026

Can’t get into Qantas’ exclusive Chairman’s Lounge? There soon may be another option

Sydney’s T2 domestic terminal will soon offer lounge access to departing passengers regardless of airline, ticket class or frequent flyer status.

Donald Trump has become a big problem for Fox News
Nov 5, 2026

Donald Trump has become a big problem for Fox News

As results began to pour in on a bruising midterm election night for the Republicans, Trump picked an unlikely scapegoat.

ASX surges in $80b midterms relief rally as oil slumps; NAB dives, NextDC soars
Nov 5, 2026

ASX surges in $80b midterms relief rally as oil slumps; NAB dives, NextDC soars

The Australian sharemarket soared the most since April as the Democrats’ sweeping US election victory fuelled optimism the Iran war could end soon, sending oil prices plunging.

Kuniko strikes again as NSW gold-silver system grows
Nov 5, 2026

Kuniko strikes again as NSW gold-silver system grows

Kuniko has struck gold-silver mineralisation in all 11 drill holes across two campaigns at its NSW Commonwealth-Silica Hill project ahead of a December resource update.

ClearVue wins A$700,000 US Govt grant for solar glass tech
Nov 5, 2026

ClearVue wins A$700,000 US Govt grant for solar glass tech

ClearVue and US partner Silfab Solar have won a US$500,000 grant from the US Dept of Energy to develop high-efficiency solar spandrel technology for the US market.

‘Came to say goodbye’: Shelves stripped bare as luxury brands desert David Jones
Nov 5, 2026

‘Came to say goodbye’: Shelves stripped bare as luxury brands desert David Jones

David Jones’ owners have appointed administrators, which is expected to trigger an extensive restructure of the company and thousands of job losses.

Recommended

Sign Up Now

Subscribe to us for the latest news from Banking Reporter

ABOUT US
Banking Reporter

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Copyright © 2015 - 2026 Banking Reporter. All Rights Reserved.