D2 Jeans goes into administration
- 29 December 2011
- From the section Scotland business
Store chain D2 Jeans has gone into administration, making 200 staff redundant and putting hundreds more jobs at risk.
Administrators closed 19 UK stores - including six in Scotland - and laid off shop workers at the Ayrshire-based firm.
The Scottish closures were in Clydebank, Falkirk, Glenrothes, Hamilton, Irvine and Paisley.
D2's other 28 stores are being run as a going concern while a buyer is sought.
Administrator James Stephen, from BDO LLP, said "extremely difficult trading conditions" had hit the sector.
He added: "However, we are hopeful of securing a sale of all or part of the business and will continue to trade the business while this is explored."
The company also has stores in England, Wales and Northern Ireland with closures in Redditch, Taunton, Haverfordwest, Llanelli, Belfast (the Kennedy Centre, Castle Lane, Cityside and Connswater) Omagh, Bangor (Bloomfield), Lisburn, and Newry.
It is the second time in two years that the chain, originally set up by Scottish entrepreneur Sir Tom Hunter, has gone into administration.
Last time, management struck a deal to buy more than 40 of its stores out of administration.
But about 32 stores were not included in the rescue deal.
A spokeswoman for BDO said she was unable to say which of the firm's stores had been closed by the latest administration.