Clothing chain D2 goes into administration

Scottish-based clothing chain D2 Jeans has gone into administration and has announced that 200 staff are to be made redundant.

The Ayrshire-based firm called in the administrators with 19 stores closing immediately and 28 of the firm’s stores being run as a going concern while a buyer is found.

Scottish stores affected by the company’s collapse are Clydebank, Falkirk, Glenrothes, Hamilton, Irvine and Paisley.

BDO LLP administrator James Stephen said: “It is unfortunate that the economic climate and extremely difficult trading conditions have significantly affected the retail sector.

“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, it was understood that around 500 jobs were saved as its management struck a deal to buy more than 40 of its stores out of administration. But around 32 stores - employing more than 300 staff - were not included in the rescue deal.