The full story: Scotch & Soda one year after the Bluestar takeover
The European branch of Scotch & Soda, S&S Europe B.V., has been declared bankrupt. The stores and webshop will remain open. The cause of the bankruptcy is logistical problems after the restart in 2023 and the resulting ongoing losses. Bankruptcy has not only been filed in the Netherlands, but also for the branches in Germany, Belgium, Luxembourg and Austria. In total, this involves 92 stores and 721 employees in these five countries, of which 28 stores and 320 employees are in the Netherlands. A restart is being worked on, according to the press release. "It is expected that within 2 weeks the sales activities will be continued by another party in consultation with brand owner Bluestar Alliance."
Scotch & Soda has now been in the hands of American investment company Bluestar Alliance for over a year. The rescue of the Dutch brand was welcomed with relief in early 2023, but since then it has been quiet around the brand. The fourth bankruptcy report was published this week by the administrator. FashionUnited investigated and gathered everything we know at the moment. Like: international activities, expansions of the collection, new ambassadors and additional insolvency proceedings.
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