A year after its relaunch, Scotch & Soda is once again in bankruptcy. Shops will remain open, however, and the brand is expected to resume trading under new ownership within two weeks.
Already a new candidate
The European part of Dutch fashion brand Scotch & Soda has been declared bankrupt. The news comes just one year after the company was bought by US investment firm Bluestar Alliance. According to FashionUnited, logistical problems are the main reason for the bankruptcy, and the company is still making a loss.
The bankruptcy of parent company S&S Europe affects operations in the Netherlands, Germany, Belgium, Luxembourg and Austria. In total, 92 shops and 721 employees are affected, although the shops and online shops remain open for the time being.
There is also talk of a possible relaunch. In consultation with the brand’s owner, Bluestar Alliance, the sales activities are expected to be taken over by another party in around two weeks’ time. The Belgian fashion agency GAB (Group Alain Broekaert) had already taken over the French branch of the fashion brand, which is therefore not affected by the bankruptcy.
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A year after its relaunch, Scotch & Soda is once again in bankruptcy. Shops will remain open, however, and the brand is expected to resume trading under new ownership within two weeks.