A private equity firm has bought upmarket department store David Jones for $100 million from its South African owners Woolworths who bought it for $2.1 billion in 2014.
David Jones sold to Australian private equity firm ragtrader.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ragtrader.com.au Daily Mail and Mail on Sunday newspapers.
South African retailer Woolworths said on Monday the group has entered into an agreement to sell its Australian upmarket department chain David Jones to private equity fund, Anchorage Capital.