In layman's terms, this is what is happening at David Jones under administration

ABC News Australia · Money Correspondent Jessica Irvine · 2026-11-05 18:00 UTC

Can you be in administration and have receivers? Yes, and it is happening at David Jones, which is seeking to restructure but will likely face challenges.

Aussie mortgage holders are not the only ones struggling to make ends meet and pay their debts this Christmas.

After 188 years of rich history, Australian retailer David Jones was forced to admit defeat this week.

Shoppers will be wondering what is going on and what is next for the iconic retailer.

Read the full story at ABC News Australia · All coverage of this story