Scotch & Soda news and archive

Scotch & Soda launches OpenUp

Today we are launching OpenUp to our more than 1000 employees across Germany, Austria, Belgium, Luxemburg and the Netherlands. OpenUp ensures that mental health is accessible to all and offers some incredible resources that support our teams. As we continue our journey forward, we recognize that investing in mental health support is an integral...

BusinessFeatured

Halfway through the year: News not to be forgotten from the past six months

The first half of 2023 is already over. Over the past few months plenty of newsworthy things happened, but some of these events should not be forgotten. FashionUnited has listed the big moments for you. Adidas targeted by campaign alliance Yes Men - fake press release and guerilla show The year began with confusion surrounding Adidas. A press...

Retail

Scotch & Soda: All UK stores reportedly closing following rescue

Dutch fashion retailer Scotch & Soda will reportedly close all four of its stores in the UK this summer after being rescued by American brand management company Bluestar Alliance in March. Three stores will close in the coming weeks - in London’s Old Spitalfields Market, Covent Garden, and on Carnaby Street - while another store in Westfield...

Business

Bluestar Alliance paid 60 million euros to restart Scotch & Soda

The American investment company Bluestar Alliance paid 60 million euros to realise a restart for Scotch & Soda, according to the first bankruptcy report. A large part of the purchase price went to the banks. In March, the Dutch fashion brand filed for bankruptcy due to "serious cash flow problems" following pandemic-related lockdowns as well as...

Business

Belgian group buys French subsidiary of Scotch & Soda

Belgium's Groep Alain Broekaert (GAB) has taken over the French subsidiary of Dutch fashion retailer Scotch & Soda, which means that the jobs in the French stores are preserved, according to a press release. As a result of the acquisition, GAB will own 100 percent of Scotch & Soda Retail SAS. The acquisition is a logical step for fashion...

BusinessFeatured

Bluestar Alliance acquires Scotch & Soda’s US business assets

New York-based Bluestar Alliance has announced the acquisition of Scotch & Soda’s US wholesale and retail business assets nearly two months after the Dutch brand filed for bankruptcy in the Netherlands. While news of Bluestar’s takeover of Scotch & Soda’s worldwide licensing and distribution rights had already become evident towards the end of...

Business

Scotch & Soda: What we know about new owner Bluestar Alliance

Scotch & Soda is getting a chance to write a new chapter. On Monday 27 March, US brand management company Bluestar Alliance announced that it is taking over the brand and relaunching it. What the plans are for Scotch & Soda under the new owner is not yet known, but we can take a look at Bluestar Alliance's strategy to see if potential hints can...

Business |UPDATED Featured

Fashion retailer Scotch & Soda secures rescue deal

Fashion retailer Scotch & Soda has been rescued by American brand management company Bluestar Alliance after filing for bankruptcy for its Dutch operations last week. Confirming media reports, Scotch & Soda co-trustee Erik Schuurs said the deal was “good news for quite a large group of employees at Scotch & Soda, even if, unfortunately, not all...

Business |Background

Scotch & Soda's bankruptcy: what preceded it?

On March 20, Dutch fashion retailer Scotch & Soda reported that it had filed for bankruptcy for its Dutch operations, after which the company was also declared bankrupt. It is a result of "severe cash flow problems" due to the lockdown imposed during the Covid-19 restrictions in The Netherlands and the energy crisis and high inflation that...

Business

Scotch & Soda files for bankruptcy of Dutch entities

Despite record sales, a structural cash flow deficit has led to the company's failure to absorb the negative effects of corona and high inflation. The Board of Scotch & Soda had to decide to file for bankruptcy of Scotch & Soda in the Netherlands. Today, the courts of Amsterdam and Haarlem declared the bankruptcy of all Dutch entities of Scotch...

BusinessFeatured

Scotch & Soda files for bankruptcy for Dutch operations amid 'severe cash flow issues'

Fashion retailer Scotch & Soda has filed for bankruptcy for its Dutch operations following “a chain of events that accelerated severe cash flow issues”. The company said in a LinkedIn post that the pandemic combined with high inflation forced it to declare bankruptcy in the Netherlands despite reporting record sales of 342.5 million euros in...

Fashion

Item of the week: the statement sneaker

What it is: While sneakers have never really fallen out of fashion since their incorporation into trend-led streetwear in the 1990s, they have adapted to become staples of modern fashion. And their inclusion on the runways for AW23 has taken this one step further, with many brands taking on the popular shoe style in eye-catching ways. This...