Scotch & Soda files for bankruptcy for Dutch operations amid 'severe cash flow issues'Power your fashion business decisions. Unlock exclusive news, data, and expert insights by subscribing today.Email addressContinueOR CONTINUE WITHGoogleLinkedInBankruptcyScotch & SodaRelated NewsBusinessFeaturedMemberHudson's Bay moves towards liquidation due to financial challengesCanadian retail group Hudson's Bay Company, North America's oldest corporation, which includes retail company Hudson’s Bay, comprising 80 stores and TheBay.com, will begin a store-by-store liquidation process as early as this week after failing to secure sufficient financing to proceed with a restructuring plan. The Toronto-based department...17 Mar 2025BusinessFeaturedMemberHudson’s Bay seeks bankruptcy protection amid financial challengesHudson’s Bay, Canada’s oldest retailer, has filed for creditor protection as it moves to restructure its operations in response to mounting financial pressures. The department store chain, founded in 1670, cited economic headwinds, post-pandemic shifts in shopping patterns, and trade tensions with the U.S. as key factors behind its decision. The...10 Mar 2025BusinessMemberForever 21 to reportedly shutter Los Angeles headquartersUS fashion retailer Forever 21 is believed to be preparing to close its Los Angeles corporate headquarters ahead of a potentially incoming bankruptcy filing, which could also result in the shuttering of 200 stores. According to a regulatory filing with the California Employment Development Department, seen and initially reported on by Los...3 Mar 2025