2024-06-13 15:37:31
Regardless of a rescue try final yr, clothes retailer Scotch & Soda has filed for chapter in Europe. What’s going to occur subsequent is unclear.
The Dutch clothes model Scotch & Soda is in hassle once more. The group’s European subsidiary, S&S Europe BV, is bancrupt. In line with the corporate, the explanation for that is “logistical issues after the restart in 2023” and the ensuing “ongoing losses”.
Scotch & Soda needed to file for chapter simply final yr and was subsequently taken over by the US firm Bluestar Alliance. These issues don’t appear to be fully over but.
In line with the corporate, 92 shops and 721 workers are affected by the brand new insolvency. This contains 28 shops with 320 workers within the Netherlands. The remaining branches are in Germany, Belgium, Austria and Luxembourg.
The subsidiary S&S Europe is liable for the stationary retail and e-commerce of Scotch & Soda in Northern Europe. Regardless of the monetary difficulties, all branches within the Netherlands are to stay open in the intervening time. In line with the corporate, the insolvency directors Michel Moeijes and Abslem Ourhris of the regulation agency Tanger Advocaten are engaged on a “recent begin”.
In an announcement, it says that it’s anticipated that “the retail operation might be taken over and continued by one other firm over the following two weeks in session with the model proprietor Bluestar Alliance.” Additional particulars on what is going to occur to Scotch & Soda in Europe usually are not but identified.