Derry's D2 branch to remain open as adminstrator seeks buyer

Thu, 29/12/2011 - 16:28 -- Editor

D2 Jeans, a UK-wide chain store with a branch in Derry's Foyleside, has gone into adminstration, making some 200 staff redundant and jeopardising hundreds more jobs across their network of stores. ‎There are nine stores closing in Northern Ireland. But their Foyleside branch will remain open as the administrator seeks a buyer as a going concern.

Administrators closed 19 stores in the UK yesterday, laying off the shop workers as the Ayrshire-based firm became the first notable post-Christmas retail casualty. The remaining 28 stores are being run as a going concern while administrators seek a buyer for parts or all of the business in the hope of saving the jobs of hundreds more employees.

BDO LLP administrator James Stephen said: "It is unfortunate that the economic climate and extremely difficult trading conditions have significantly affected the retail sector. However, we are hopeful of securing a sale of all or part of the business and will continue to trade the business while this is explored."

The company's website was no longer functioning as of yesterday evening.