Last year, this chain also faced a sharp rise in energy prices, which drove up costs and led to losses.
Lhe curator of the clothing chain Scotch & Soda is looking for a buyer for the activities in the Netherlands but also for those located abroad and which have not yet been declared bankrupt, indicates he Tuesday. In Belgium, the chain has about twenty stores.
According to the curator, several potential buyers have already expressed their interest and discussions have begun, he told Dutch newspaper Het Financieele Dagblad on Tuesday.
Scotch & Soda is based in Amsterdam and has around 30 stores and 800 employees in the Netherlands (around 260 stores and 2,000 employees worldwide).
The financial difficulties of Scotch & Soda undoubtedly come from its international expansion, analyzes the curator. “Scotch & Soda has grown particularly rapidly in recent years. Just when the coronavirus pandemic started. “Brand new stores therefore had to close due to health restrictions or welcomed almost no customers, despite considerable investments having been made.
Last year, the chain also faced a sharp rise in energy prices, which drove up costs and led to losses.