Future of 188-year-old department store hangs in balance after no agreement was struck with Westfield owner Scentre Group Get our breaking news email , free app or daily news podcast David Jones is poised to fall into administration after 11th-hour talks between its private equity owner and primary landlord broke down, putting the future of the 188-year-old upmarket department store chain at risk. The upheaval follows years of steep losses, weak consumer spending and a string of underperforming stores that left the heritage retailer defaulting on its rent. Continue reading...