Bankruptcy hits Scotch&Soda one year after American acquisition
Scotch&Soda, a clothing company from Amsterdam that has been operating since 1985, has declared bankruptcy for the second time. This occurred a year after being acquired by the American entity Bluestar Alliance, as reported by our source. The European part of the corporation is facing issues.
A press release announced the bankruptcy of the European part of the company. The company emphasized that "the Scotch & Soda clothing brand had previously gone bankrupt in 2023."
It noted that "the bankruptcy is caused by logistical problems after re-launching in 2023 and the resulting continuous losses." The brand's stores will cease operations in Germany, Belgium, Luxembourg, and Austria. This affects 92 locations and 721 employees. The bankruptcy is most severe in the Netherlands, where 28 locations are operating and employing 320 people.
The company adds that it wants to resume activities. However, within two weeks, "sales will be continued by another party in agreement with the brand owner Bluestar Alliance."
Custom-made clothing
Bankier.pl emphasizes that the Scotch&Soda brand "is known not only for clothing but also for footwear and accessories. Its characteristic feature was the unique design and attention to detail."
Initially, products were handmade and custom-ordered. The company sells its products in New York and London.
