European subsidiary of the textile chain aims for a new start
Clothing retailer Scotch & Soda has filed for bankruptcy again. As the company announced, S&S Europe BV, the Northern European retail and e-commerce organization of the clothing brand Scotch & Soda, was declared bankrupt on Wednesday.
Scotch & Soda was already insolvent in 2023 and was taken over by Bluestar Alliance, a New York-based brand management company, after the proceedings were completed. The retail and e-commerce activities in Northern Europe were continued by S&S Europe BV.
The reason for the bankruptcy was logistical problems after the restart and the resulting ongoing losses. Bankruptcy was also filed for the branches in Germany, Belgium, Luxembourg and Austria. In…
