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AJ Sadauskas@mastodon.social to Late Stage Capitalism · 1 day ago

A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.

www.abc.net.au

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A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.

www.abc.net.au

AJ Sadauskas@mastodon.social to Late Stage Capitalism · 1 day ago
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David Jones's receiver reveals list of 19 stores set to close
www.abc.net.au
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The retailer, which has 38 stores nationally, was placed in voluntary administration less than a week ago. Staff in the affected locations are being briefed.

A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.

So now low-paid retail workers are being told that they’ll lose their jobs just weeks before Christmas.

https://www.abc.net.au/news/2026-11-11/david-jones-to-close-stores/107372854

#auspol #capitalism @latestagecapitalism

  • slazer2au
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    1 day ago

    Name a more iconic trio. private equity firms and a failing business.

    • Face Thumb@cyberplace.social
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      21 hours ago

      @slazer2au @ajsadauskas Trump and failing casinos

      • Jhex
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        20 hours ago

        trump and failling… he has driven to the ground a lot more than casinos, you know?

        • Face Thumb@cyberplace.social
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          21 hours ago

          @Jhex Sure, I mean that’s just the start of things that should have been smooth sailing that he’s screwed up.

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