David Jones news and archive

Dylan Best wins National Designer Award 2023 in Australia

Melbourne-based Dylan Best, who creates menswear-inspired looks with his elevated casualwear line Best Jumpers, has won the 2023 National Designer Award in Australia. The accolade, presented by David Jones, was announced at the PayPal Melbourne Fashion Festival, which ran from March 3 to 11. As the winner, Best will receive a prize pool valued...

BusinessFeatured

David Jones returning to Australian ownership

Anchorage Capital Partners has entered into a binding agreement with South African-based Woolworths Holdings Limited to acquire Australian department store chain David Jones for an undisclosed amount. In a statement, Australia’s leading private equity firm Anchorage Capital Partners said that it will acquire the 185-year-old department store and...

Fashion Featured

The most iconic department stores around the world, ranked

Department stores have long been a staple in the shopping world. They are the markers of a downtown shopping area, the axis upon which one plans their day out on the town. And despite the rise in online shopping, and downfall of many department stores during the Covid-19 crisis, there are certain giants that continue to be seen as truly iconic...

People

David Jones cuts 15 staff positions including head of fashion

Australian department store chain David Jones, owned by Woolworths has confirmed to Business Day that it has reduced 15 job positions at its head office including its MD for clothing and general merchandise, David Collins, a month after Woolworths’ CEO John Dixon resigned. The merchandise leadership team would now report to David Jones CEO David...

People

John Dixon named CEO of Australian department store

Former Marks and Spencer head of general merchandise John Dixon is to become chief executive of Australian department store chain David Jones, after more than 30 years at the British retailer. Dixon stepped down from his role at Marks and Spencer in July, and will now replace David Jones’ current chief executive Iain Nairn, who has resigned...

Design

Woolworths' shareholders approve David Jones deal

Shareholders of South African retail group Woolworths have approved the buyout of AustralianDavid Jones for 2 billion dollars. The acquisition was approved by virtually all Woolworths shareholders in a special meeting. “This is transformational for Woolworths. This will allow us to take market share from others, both in South Africa and Africa,”...

Design

Woolworths receives green light for David Jones deal

South African mayor fashion player Woolworths announced on Friday that it had receivedapproval from the Reserve Bank for its acquisition of Australia’s David Jones. Woolworths' 2.15 billion Australian dollars bid for David Jones Ltd was made public in early April and happened to be the second offer that the latter receives in the past six...

Fashion

M&A in fashion go south: Woolworths bids for David Jones

South African retailer Woolworths Holdings Ltd. has unveiled a 2.15 billion Australian dollars bid for Australian chain David Jones Ltd. This is the second offer that the latter receives in the past six months. David Jones´stock surged by more than 20 percent on the back of the unexpected takeover offer from the South African retail group. As...

Design

David Jones' stock rallies on rejected takeover bid

Shares of Australian retailer David Jones significantly surged Thursday after they said the company had rejected a takeover approach from larger rival Myer last year. On the wake of the news, the stock rose nearly 5 percent in Sydney trading following the announcement. "The execution and implementation of any such transaction would have...

Design

Brooks Brothers launching in Australia

Menswear brand Brooks Brothers, which describes itself as America’s oldest clothing retailer, is to launch in Australia with the opening of concessions inside department store David Jones. In partnership with Australian luxury consumer goods company OrotonGroup, which had exclusive rights to the Ralph Lauren licence for 23 years, the US label...

Fashion

Calling all budding fashion entrepreneurs

Fashion professionals are invited to apply for a space on a series of free workshops run by UK Trade & Investment (UKTI) and hosted by fashion consultant David Jones this month. Part-financed by the European Regional Development Fund, the workshops are designed to help growing businesses excel in areas such as business and financial planning....