The new David Jones boss needs a turnaround miracle
David Jones appointed Erica Berchtold as chief executive following Scott Fyfe's departure amid financial turmoil on June 22, 2026. The iconic department store secured new financing from Hilco, replacing a previous lender unwilling to extend support. Berchtold faces immense pressure to revive the business as David Jones grapples with supplier relationships and cash flow challenges.
Summary by OZbrief Editorial · SMH · Source
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Published 22 Jun 2026, 04:58 UTC · Updated 22 Jun 2026, 05:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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