Hilco Capital provides $10M emergency financing to David Jones
1 Nov 2 · 9d ago · 3 articles · 2 posts · 2 comments · 4 sources · development 1 of 1
David Jones' key lender injected approximately $10 million to allow the department store to stock up before the busy Christmas season. Hilco said the move reflected ongoing support for the business.
“Hilco remains supportive of the business and any inference otherwise is false”
Hilco Capital, Primary lender · rss ↗David Jones Iconic Australian department store chainHilco Capital Primary lender to David JonesWestfield Shopping centre operatorShop, Distributive and Allied Employees Association (SDA) Retail workers' union
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What was reported 1 claim about this development
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first by SmartCompany, 13d ago
What people said 2 voices · verbatim
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Yep the South Africans from WHL gutted DJs, forced bad investments (micro stores and the bad food offering), failed to understand the Australian market, and lost millions pushing their shitty WHL private label trash. They had a long-standing Amex card offering which they junked for the extremely "prestigious" Latitude... Long-time cardholders who…
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Well yes, the RBA increasing rates is to curb spending. I'd argue most of DJ's issues are more related to DJs management, store experience, etc.
All 1 developments of David Jones misses ASIC filing as $10M rescue loan shores… →
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