The Dutch investment company Standard Investment is in talks about a relaunch of Scotch & Soda. This is reported by the Dutch newspaper Financieele Dagblad (FD). The Dutch brand has filed for bankruptcy for its Dutch business following “serious cash flow problems”.
Insolvency administrator is looking for investors for international business
Although the insolvency of Scotch & Soda in the Netherlands initially has no effect on foreign business, the insolvency administrator Jasper Berkenbosch says he is looking for a company that would like to continue the foreign business areas of the brand. Because the international business of Scotch & Soda cannot be continued without the bankrupt Dutch company.
Berkenbosch told the Dutch daily Algemeen Dagblad that talks are already being held with several interested parties. He is confident of achieving a restart, but emphasizes that this is not a matter of course. Two parties are said to have already contacted Berkenbosch, sources tell FD.
Standard Investment, which previously owned fashion brand Sissy Boy, would like to retain a large part of Scotch & Soda and its employees. The investor only wants to say goodbye to the most loss-making deals abroad. This is reported by anonymous sources, writes FD.
Scotch & Soda has over two hundred stores worldwide and is represented in 7,000 international department stores. The web shop is also active in over seventy countries. There are more than 40 locations in Germany (as of April 2022), including in Frankfurt am Main and Cologne.
This translated and edited post was made with the help of Caitlyn Terra and previously appeared on FashionUnited.nl.