D2 Jeans goes into administration

28 December 2011 Last updated at 19:59

http://www.bbc.co.uk/news/uk-scotland-scotland-business-16350067

Store chain D2 Jeans has gone into administration, making 200 staff redundant and putting hundreds more jobs at risk.

Administrators closed 19 stores and laid off the shop workers at the Ayrshire-based firm.

The remaining 28 stores are being run as a going concern while administrators seek a buyer.

BDO LLP administrator James Stephen 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.”

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.

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