A major ready-to-wear brand goes bankrupt: no buyer found, stores permanently closed

A major ready-to-wear brand goes bankrupt: no buyer found, stores permanently closed
A major ready-to-wear brand goes bankrupt: no buyer found, stores permanently closed

The Dutch stores of the clothing brand Scotch & Soda will not restart, the trustees of the bankrupt company said on Wednesday. According to them, serious interests were shown but ultimately gave up, being unable to buy the brand. Stores in Belgium will also close their doors, add the Dutch curators.

The physical stores in the Netherlands will now close but the online store is managed by another company. The chances of a restart outside the Netherlands vary by country. “The stores in Luxembourg and Belgium will close anyway. In Austria, the trustee is in discussions with a party for a potential relaunch. In Germany also, a party is interested in taking over certain stores,” detailed curator Michel Moeijes.

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The originally Dutch clothing brand announced its bankruptcy last week, about a year after a relaunch. The company was taken over last year by the American company Bluestar Alliance but logistical problems forced it to file for bankruptcy again. It is the division which houses 92 physical stores in five European countries (Netherlands, Germany, Luxembourg, Austria and Belgium) which is in bankruptcy. The part that includes the brand itself remains in the hands of Bluestar Alliance.

Scotch & Soda says it has 92 stores with a total of 721 employees. Twenty-eight of these stores and 320 employees are based in the Netherlands. According to the company’s website, Belgium has 21 stores, including 18 in Flanders, two in Wallonia and one in Brussels.

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