Anchorage Capital Partners defends record as David Jones enters administration
Dick Smith questions whether it is another ‘equity heist’; firm says it invested capital and took no dividends
The private equity firm that owned David Jones has said it did not strip value from the department store, with a spokesman defending its record as the company enters administration. Entrepreneur Dick Smith questioned whether Anchorage’s involvement would be another ‘equity heist’, after viewing the firm’s earlier ownership of his namesake electronics chain as a heist.