Australian buyout investor Anchorage Capital is in late-stage talks to take on its highest profile assignments, 184-year old retailer David Jones.
Australian buyout investor Anchorage Capital is locked in a two-horse race on one of its highest profile assignments, 184-year old retailer David Jones.
It would be a huge task for Anchorage Capital, which has made investors plenty of money knocking around Australian retailers in the past. Its former investments include Dick Smith, ShoesHowever, Anchorage is up against a family office, while there are also parties circling David Jones’ property assets, most notably its flagship store in Melbourne’s CBD.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China reports 10,000 new COVID-19 cases, capital closes parksChina&x27;s capital Beijing has closed city parks and imposed other restrictions as the country faces a new wave of COVID-19 cases.
Read more »
China reports 10,000 new COVID-19 cases, capital closes parksChina&x27;s capital Beijing has closed city parks and imposed other restrictions as the country faces a new wave of COVID-19 cases.
Read more »
‘So expensive’: Business trims the long lunch as costs soarMelbourne investment banker and self-confessed expert long luncher David Williams has a novel way of gauging inflation and the cost of living.
Read more »
Wall Street’s hiring more and more bankers outside London to cut costsAnalysts say several factors encouraging banks away from Britain’s capital include Brexit and property prices that are pushing residents away.
Read more »
New normal of high rates will curb relief rallyOPINION: Once prices adjust downwards to the new clearing levels demanded by much higher rates, future valuations will likely track incomes.
Read more »
Councils can be the butt of complaints, but this one is making award-winning alcoholIt's no surprise that the sugar capital of Australia is the perfect place to make canegrowers' cordial, a rum that can rival Bundaberg.
Read more »