Scotch & Soda, a Dutch fashion boutique that was saved in March by Bluestar Alliance, is reportedly closing all four of its locations in the UK this summer.
Drapers reports, citing anonymous sources, that three stores will close in the upcoming weeks at London’s Old Spitalfields Market, Covent Garden, and Carnaby Street, while a fourth store in Westfield London shut down earlier this month.
The announcement follows Scotch & Soda’s rescue by Bluestar after it declared bankruptcy earlier this year for its Dutch operations.
Despite reporting record sales of € 342.5 million in FY ’21-’22, the Amsterdam-based store said at the time that the pandemic and rising inflation pushed it to declare bankruptcy.
A lockdown that occurred in the Netherlands from December 2021 to January 2022, according to the report, was “particularly damaging” to the industry’s efforts to recover from the epidemic.
Through a different affiliate, Bluestar disclosed in May that it had acquired the US wholesale and retail business assets of Scotch & Soda. Bluestar selected Anthony Lucia as the worldwide president of Scotch & Soda USA and global business operations in the same announcement.
