UK's D2 Jeans goes into administration

Store chain D2 Jeans today collapsed into administration, making 200 staff redundant and jeopardising hundreds more jobs.

Administrators closed 17 stores and laid off the shop workers as the Scotland-based firm became the UK's first notable post-Christmas retail casualty.

The remaining 28 stores are being run as a going concern while administrators seek a buyer for parts or all of the business in the hope of saving the jobs of hundreds more employees.

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.”