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AAP

Business

Andrew Brown

David Jones sold to private equity firm

David Jones Anchorage

Department store chain David Jones has been sold to private equity firm Anchorage Capital Partners. (Mick Tsikas/AAP PHOTOS) (AAP)

Department store chain David Jones will be back under Australian ownership, after being bought by a private equity firm.

Anchorage Capital Partners on Monday announced it would acquire the 185-year-old brand following an agreement with previous owners, South African-based Woolworths Holdings Limited.

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