David Jones to be back in Australian hands after sale to private equity firm

Anchorage Capital Partners will acquire the 185-year-old company from South African-based Woolworths Holdings Limited

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Department store chain David Jones will be back under Australian ownership, after being bought by a private equity firm.

Anchorage Capital Partners on Monday announced it would acquire the 185-year-old brand after reaching an agreement with previous owners, South African-based Woolworths Holdings Limited.

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