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D2 Jeans re-enters administration D2 Jeans re-enters administration as Belfast store closes
(about 4 hours later)
Clothing chain D2 Jeans has gone into administration - putting into doubt the future of 16 stores in Northern Ireland.Clothing chain D2 Jeans has gone into administration - putting into doubt the future of 16 stores in Northern Ireland.
Extremely difficult trading conditions have been blamed for the Scottish-owned chain's problems.Extremely difficult trading conditions have been blamed for the Scottish-owned chain's problems.
It is the second time in two years that the Airshire firm has gone into administration. It is the second time in two years that the Ayrshire firm has gone into administration.
This time, 19 stores have been closed, but it is not yet clear if any of the Northern Ireland stores will close. It is unclear how many of the Northern Ireland stores will close but a Belfast city centre shop has ceased trading.
In total, 19 stores across the UK have been closed, but it is not yet clear how many in Northern Ireland will do so.
The other shops will be run as a going concern by the administrator.The other shops will be run as a going concern by the administrator.
Last time, management struck a deal to buy more than 40 stores out of administration.Last time, management struck a deal to buy more than 40 stores out of administration.
D2 Jeans has stores in Newtownabbey, Ballymena, Coleraine, Portadown, Bangor, Belfast, Lisburn, Omagh, Enniskillen and Londonderry.D2 Jeans has stores in Newtownabbey, Ballymena, Coleraine, Portadown, Bangor, Belfast, Lisburn, Omagh, Enniskillen and Londonderry.