David Jones Directors Weigh Solvency, Marc Jacobs Licenses Greater China to I.T Group, and Debenhams Returns to Profit
Tuesday, October 27, 2026 · 9 min
The Australian Financial Review reports that David Jones broke a loan covenant and its lender Hilco could wind it up, though Hilco says it remains supportive and has just funded Christmas stock. Marc Jacobs's new owners hand the Greater China business to I.T Group under a long-term license, and Debenhams posts its first pre-tax profit since 2021.
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Show notes
The Australian Financial Review reports that David Jones broke a loan covenant and its lender Hilco could wind it up, though Hilco says it remains supportive and has just funded Christmas stock. Marc Jacobs's new owners hand the Greater China business to I.T Group under a long-term license, and Debenhams posts its first pre-tax profit since 2021.
In this episode
- David Jones: Retail icon on life support as directors weigh insolvency | Nine.com.au — Nine.com.au
“Hilco has the green light to proceed because David Jones broke a loan covenant, according to two people briefed on the issue who asked to remain anonymous because they were not authorised to comment.”
- Marc Jacobs partners with I.T Group to expand in Greater China - FashionNetwork USA — Jennifer Braun
“Under the agreement, I.T Group has acquired the existing Marc Jacobs operating business in Greater China and entered into a new long-term licensing agreement.”
- Debenhams Posts First-Half Profit, Ending More Than Five Years in the Red | Modaes Global — Modaes
“This was the first time the British conglomerate had posted a pre-tax profit since 2021, and it was in 2025 that the group launched a transformation plan to address the situation.”