# David Jones nears administration as talks with Scentre collapse

- URL: https://talkfuse.com/story/david-jones-expected-to-fall-into-administration-after-failed-11th-hour-talks-with-biggest-landlord/
- Published: 2026-11-04T06:08:02+00:00
- Updated: 2026-11-04T06:48:55+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/04/david-jones-expected-to-fall-into-administration-rent
- Topics: Software, Technology, World

## Key points

- David Jones is expected to enter administration after rent talks failed.
- Its landlord says rent has gone unpaid since September.
- The retailer has been seeking a much smaller store network.

## Summary

David Jones is expected to enter administration after talks between its owner, Anchorage Capital Partners, and its main landlord, Scentre Group, broke down. The 188-year-old department store chain has suffered steep losses and weak trading, and its future now depends on a process that gives administrators control and puts creditors’ claims in competition.

Scentre says David Jones has not paid rent since September and is in breach of its lease; it says its offer to keep the stores trading was rejected. The retailer has 38 stores and had been seeking lower rents and a smaller network, potentially about one-third of its current size. Administrators may try to keep stores open through Black Friday and Christmas, while analysts point to pressure from discount retailers and luxury brands selling directly to consumers.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.