Anchorage Capital to acquire David Jones from Woolworths
Anchorage Capital Partners, a private equity firm based in Australia, has entered into a binding agreement to acquire the operating business of David Jones, an Australian omnichannel department store owner, from South African retailer Woolworths Holdings Limited.
The transaction is expected to close by the end of March 2023, subject to customary closing conditions.
David Jones has 43 stores and two distribution centres across Australia and New Zealand, as well as a rapidly growing e-commerce business.