Dutch circular denim brand Mud Jeans has been declared bankrupt. CEO Dion Vijgeboom announced this today in a statement on LinkedIn. Vijgeboom writes that the company filed for bankruptcy itself because its debt burden was too heavy. Vijgeboom has been the company’s CEO since January.
“Today is one of the most difficult days in the history of Mud Jeans,” the company writes. According to the statement, the team has worked hard in recent months to secure a sustainable future for the company. The financial burden of old debts ultimately proved to be too great. “This is not the end we fought for,” says Mud Jeans.
Hope for a restart
Despite the bankruptcy, the company says it hopes the brand will continue to exist. “Mud Jeans is more than a…