David Jones owners summon a little Joe Hockey magic
Private equity firm Anchorage Capital Partners has hired former federal treasurer Joe Hockey’s lobbying firm, Bondi Partners, to manage political fallout from the collapse of the David Jones department store chain. The move aims to mitigate scrutiny regarding the loss of 6,000 jobs and the brand's administration.
Why it matters
The involvement of high-profile political figures in corporate insolvency cases raises questions about the influence of lobbying on public accountability.
— 10:34am , first published 5:00am
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Share A A A Bare shelves, emptying racks. There is no bigger retail business story in the country right now than the collapse of the storied Australian department store David Jones, which went into administration last week after three years under the control of private equity firm Anchorage Capital Partners.
Fresh paperwork filed with the NSW and Attorney-General’s lobbying registers suggests Anchorage remains heavily invested in managing the political fallout triggered by the implosion of one of the country’s most recognisable brands.
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