The late December sale of David Jones must be a clear sign that the notion of a southern hemisphere retail champion, beloved of former Woolworths CEO Ian Moir who bought the ill-fated department store, is well and truly over.

Announcing the sale three weeks ago, Roy Bagattini — who’s spent his entire tenure as CEO since 2020 fielding calls on what to do with David Jones — said: “It’s increasingly difficult to create a so-called regional player with a level of impact and scale that can really materially shift your performance.”..

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