Home / Knowledge / News / Apparel/Garments / Scottish retail chain D2 Jeans runs into administration
Scottish retail chain D2 Jeans runs into administration
30
Dec '11
Dundonald, Ayrshire-based Scotland's jeans retailer D2 Jeans has slipped under administration rendering 200 workers unemployed and putting hundreds of others under the threat of redundancy.

D2 Jeans became the first big retail casualty post-Christmas this year, as administrators shut 19 of the chain's outlets in the UK, including six in Scotland.

However, while the administrators look out for a buyer for the entire business or a part of it, the remaining 28 outlets are still being operated as a going concern, in an expectation of saving jobs of hundreds of other existing employees.

According to administrator James Stephen of BDO LLP, the retail industry has been badly hit by adverse economic scenario and extremely tough trading conditions.

He, however, added that he is positive about securing a sale deal for whole or a part of the D2 Jeans business, and the trade at 28 stores would go on normally while this is materialized.

It is for the second time within last two years that the retail chain, founded by Scottish entrepreneur Sir Tom Hunter, has slipped under administration.

Last time, the firm's management agreed to acquire over 40 of its stores out of administration, saving about 500 jobs. However, some 32 outlets with 300 employees were still left out of the deal.

D2 Jeans operates its outlets all across Scotland, Wales, UK and Northern Ireland.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X