At David Jones, a CEO with a new strategy to save an Australian icon (opens original article in a new tab)

David Jones CEO Erica Berchtold is shifting the department store's strategy towards fashion and online luxury growth, while securing a $200 million credit facility from Hilco Capital to replace previous financing arrangements.

• David Jones CEO Erica Berchtold plans to shift strategy from beauty to fashion and online luxury growth
• The company secured a $200 million three-year credit facility from Hilco Capital to replace previous arrangements
• Berchtold was appointed as the first female CEO to replace Scott Fyfe