00:01Ben Nunfling was part of the David Jones' family and not just as a supplier.
00:06So David Jones was my great great great grandfather, he founded the stores.
00:11But even the descendant of the famed retailer himself hasn't been spared from the fallout,
00:17with his shoe brand owed more than $100,000.
00:21Makes you feel, yeah, bitter and really quite angry to be honest.
00:27They've got our stock so it's only fair we get paid for it.
00:31The retailer went into voluntary administration after defaulting on rent.
00:37This week its receivers announced that 19 stores are closing after Christmas,
00:42breaking leases in some instances five years early.
00:46Nostalgia doesn't pay the bills.
00:48There's a great difficulty being competitive and being viable.
00:51The landlord who was overseeing the soon to be shuttered Gold Coast site says
00:55it had been preparing for the possibility of changes for some time.
01:01Administrators are trying to find someone to rescue this heritage brand
01:05with a sale hopefully announced in the next month.
01:08The major lender for David Jones will be the first in line to claw back any cash from a sale,
01:13with landlords and suppliers lower in the pecking order.
01:17The prospective purchaser would be saying what will you do?
01:21What do you do?
01:21What do you think we would expect to do?
01:22You
