Aug 6, 2026 – 12.00pmDavid Jones is facing a backlash from suppliers and questions about its turnaround plans after proposing to stretch payments for summer stock over more than four months despite access to a major new financing facility.The department store giant, now owned by Anchorage Capital Partners, has been at loggerheads with suppliers for months amid slow payments for stock. Brands had hoped that refinancing a loan, which now exceeds $200 million, would make it easier for the retailer to pay.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
David Jones plans to pay brands over months in frantic bid to restock
Suppliers had hoped the refinancing of a major loan by the private equity-owned luxury department store giant would end months of slow payments for goods.
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