D2 in administration

A SCOTTISH fashion retailer with several stores in the North West has gone into administration.

Nearly 800 jobs are at risk at Ayrshire-based D2 Jeans which was founded by Sir Tom Hunter but sold to management last year. The group has shops in Bury, Ashton and Rochdale.

Administrators at BDO said they are continuing to trade the group’s 76 stores and hope to sell all or part of the company as a going concern.

Some 22 staff have been made redundant at the firm’s headquarters and two shops in Dublin have closed with the loss of 39 jobs.

James Stephen, BDO business restructuring partner, said: “It is unfortunate that the economic climate and difficult trading conditions have significantly affected the retail sector.”