A well known clothes model goes bankrupt once more one 12 months after its relaunch

A well known clothes model goes bankrupt once more one 12 months after its relaunch

2024-06-12 19:13:33

LThe Dutch clothes model Scotch & Soda is bankrupt once more, a few 12 months following a relaunch, the corporate introduced on Wednesday. The corporate was declared bankrupt earlier than being taken over by Bluestar Alliance, an organization that owns a number of vogue manufacturers. The chapter was this time filed in Germany, Luxembourg, Austria and Belgium.

The style chain says shops and on-line shops will stay open whereas curators attempt to implement a brand new relaunch. They anticipate finding a brand new proprietor in lower than two weeks. Negotiations are underway with Bluestar Alliance, they point out.

“The origin of the chapter is the logistical issues following the 2023 relaunch and the ensuing continued losses,” the trustees mentioned in an announcement on the dad or mum firm’s web site.

Scotch & Soda says it has 92 shops with a complete of 721 staff. Twenty-eight of those shops and 320 staff are primarily based within the Netherlands. Based on the corporate’s web site, Belgium has 21 shops, together with 18 in Flanders, two in Wallonia and one in Brussels.

Shops are additionally present in Spain or France and even exterior the European continent, in america, Saudi Arabia and India.

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