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A&J Menswear collapses 2 January 2012

The company – which traded as D2 Jeans and ran 47 stores across the UK – fell into administration on December 28. Joint administrators James Stephen and David Hill – who blamed “extremely difficult trading conditions” were forced to close 19 stores, costing up to 200 jobs.

The remaining 28 stores will continue to be traded with a view to securing the sale of all or part of the company as a going concern.

Business restructuring partner Stephen explained: “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 company, and will continue to trade the business whilst this is explored.”

In terms of store closures Northern Ireland was worst hit with nine in total – four were closed in Belfast alone.

Some six shops were closed in Scotland and two each were shut down in Wales and England.

The Ayrshire-based chain – which was founded by Scotsman Sir Tom Hunter – also slipped into administration two years ago.

That resulted in the agreement of a rescue deal safeguarding the future of more than 40 stores, although some 32 shops were not included in the package.

By Andy Pearce

 

 

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