Australian premium department store David Jones has recently been sold by South Africa-based Woolworths Holdings Limited (hereinafter referred to as “Woolworths”), to Australian private equity firm Anchorage Capital Partners (hereinafter referred to as “Anchorage”) at an undisclosed price. The transaction is expected to be completed in March next year.
Australian e-commerce media Power Retail reported that the acquisition made David Jones “back in Australian ownership”. In 2014, Woolworths acquired David Jones for AUD2.1 billion.
Although the exact …
