This article was last updated on March 27, 2023
Scotch & Soda saved by an American investor
An American investor has enabled a relaunch for clothing chain Scotch & Soda. The company was recently taken over by Bluestar Alliance, an American investment firm that specializes in acquiring brands and increasing their value.
The Dutch company had filed for bankruptcy, citing COVID-19 lockdowns as the primary reason. With its own design studio and over 200 stores globally, including 32 in the Netherlands, Scotch & Soda employed 2,000 people worldwide, with approximately 800 in the Netherlands. It remains unclear how many stores will continue to operate and how many employees will retain their jobs.