D-day for David Jones: Christmas deadline looms for cash-strapped retailer
Anchorage Capital in urgent turnaround talks as lender provides peak-season funding
The owners of 188-year-old department store David Jones are racing to secure the company's future beyond Christmas, holding urgent talks with landlords and suppliers as the upmarket retailer battles mounting cash flow losses, a breach of its loan covenants and a wave of designer defections to rival Myer.