The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum.
Scotch & Soda filed a bankruptcy request for its Dutch operations, which include the company’s head office, earlier this month.
“Following the closing of the transaction, Scotch & Soda will be enabled to continue its activities in selected markets,” Bluestar said in a statement.
Scotch & Soda’s Dutch operations had €342.5 million ($369.42 million) in sales in 2022.
ADVERTISEMENT
By Toby Sterling; Editor Jan Harvey
Learn more:
Fashion Retailer Scotch & Soda Seeks Bankruptcy for Dutch Operations
Privately held retailer Scotch & Soda, which is based in Amsterdam, has filed a bankruptcy request for its Dutch operations, newspaper Het Financieele Dagblad (FD) reported on Monday, citing a company statement.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.
Manhattanites had little love for the $25 billion megaproject when it opened five years ago (the pandemic lockdowns didn't help, either). But a constantly shifting mix of stores, restaurants and experiences is now drawing large numbers of both locals and tourists.