David Jones reportedly facing collapse after 188 years as CEO reviews store portfolio
Australia's oldest department store reportedly loses luxury brands and struggles to pay some suppliers; Urquhart says it cannot trade out, while Tan says it could be saved with fewer stores
David Jones, Australia's oldest department store, is facing its gravest crisis in 188 years, with its chief executive reviewing the store portfolio and trading terms with suppliers amid reports the retailer is on the verge of collapse and searching for a financial saviour.