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Jeans chain enters administration | Jeans chain enters administration |
(31 minutes later) | |
The d2 jeans retailer has gone into administration with hundreds of jobs at risk, after being hit by the recession. | |
A total of 22 people have been made redundant at the company's headquarters in Dundonald, Ayrshire. | |
And two of the company's three stores in Dublin have been closed, with the loss of 39 jobs. | |
Administrators BDO said they hoped to sell all or part of the chain, which has 76 stores in the UK and employs about 800 people. | |
The remaining d2 outlets will be kept open in the meantime. | |
Website closed | |
James Stephen, of BDO, said: "It is unfortunate the economic climate and difficult trading conditions have significantly affected the retail sector. | |
"We are continuing to trade the business and hope to sell all or part of the company as a going concern." | |
The clothing and footwear chain, which has 23 stores in Scotland, has become the first post-Christmas retail casualty. | |
The d2 company was set up a decade ago by a group including Scottish entrepreneur Sir Tom Hunter, who later sold his stake. | |
Meanwhile, the chain's website, which has been effectively shut down, carried the message: "d2 is now temporarily offline, sorry for any inconvenience." |
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