© Reuters. A pedestrian carrying a Scotch & Soda bag is pictured near the department store KaDeWe, amid the coronavirus disease (COVID-19) pandemic, in Berlin, Germany December 23, 2021. REUTERS/Annegret Hilse
AMSTERDAM (Reuters) – Bluestar Alliance, a U.S. brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum.
Scotch & Soda filed a bankruptcy request for its Dutch operations, which include the company’s head office, earlier this month.
“Following the closing of the transaction, Scotch & Soda will be enabled to continue its activities in selected markets,” Bluestar said in a statement.
Scotch & Soda’s Dutch operations had 342.5 million euros ($369.42 million) in sales in 2022.
($1 = 0.9271 euros)
