Berchtold is the first woman to helm the Australian department store chain in its 188-year history.

The loss-making retail giant will make the change as early as Monday after its private equity owner negotiated a loan package to keep the business afloat.

DJ’s private equity owner has appointed Erica Berchtold to run the 188-year-old department store, which has been struggling for years to make money.

DJ’s private equity owner has appointed Erica Berchtold to run the struggling 188-year-old department store. Its precarious financial position can be worked through, she says.

Erica Berchtold says she wants to bring the magic back to retail. First she has to convince her team that she’s there for the right reasons.

Berchtold is the first woman to helm the Australian department store chain in its 188-year history.