Home / Knowledge / News / Apparel/Garments / Blue Inc buys 20 D2 Jeans stores, saves 200 jobs
Blue Inc buys 20 D2 Jeans stores, saves 200 jobs
09
Jan '12
Blue Inc, the UK-based retail chain catering to the young, fashion savvy male, has bought 20 stores of d2 Jeans form its administrators, rescuing jobs of about 200 employees.

Last month, Dundonald, Ayrshire-based Scotland's jeans retailer D2 Jeans had run into administration, with the closure of 19 outlets in the UK, including six in Scotland.

BDO LLP, the administrators, said Sir Stuart Rose backed Blue Inc has agreed to acquire 20 outlets and they are in search for a buyer for the remaining D2 stores.

D2, founded by Scottish entrepreneur Sir Tom Hunter, slipped into administration last month –second time within last two years.

Blue Inc has expanded rapidly since it acquired the former Mr Byrite business in 2006.

Blue Inc's sales are expected to sharply grow to GBP 75 million in 2011. Its profits are also likely to rise by 38 percent year-on-year to GBP 4 million.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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