One of the world's oldest department store chains, the upmarket David Jones, has entered administration after its landlords pulled the plug on the business.
The process is intended to give the retailer "breathing space" while a buyer is sought for the company.
The Financial Times reported the development in its companies coverage. The source article is brief, and it does not provide further detail on the terms of the landlords' decision, the size of the business, or the timetable for finding a buyer.
Source: Financial Times Companies · Summarized by HeadlinesBriefing