DJs a takeover prize

Paul Zahra's sudden departure from David Jones has highlighted the looming crisis facing the retailer's board.

Circumstances around the nature of his impending departure aside, Paul Zahra's exit from David Jones (DJS) has brought the challenges facing the department store sharply into focus.

Given the re-emergence of private equity groups in the past year, the upmarket retailer is a sitting duck for a takeover and ticks every box for a private equity purchase.

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