Scotch & Soda local bankruptcy in the Netherlands

Featured image of the article Scotch & Soda local bankruptcy in the Netherlands
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24 March 2023 à 09h58

Updated on 27 March 2023 à 10h42

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1 minute

Publication: 24 March 2023 à 09h58, Updated on 27 March 2023 à 10h42

Reading time: 1 minute

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Publication

24 March 2023 à 09h58

Updated on 27 March 2023 à 10h42

Reading time

1 minute

Publication: 24 March 2023 à 09h58, Updated on 27 March 2023 à 10h42

Reading time: 1 minute

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On 20 March, Scotch & Soda (274 independent stores and 119 corners) filed for bankruptcy in the Netherlands and the C.E.O. Frederick Lukoff left his post. This, despite “record sales” of €342.5 million in 2022, according to the company, which does not usually publish results but cited liquidity issues. In trouble since June 2022, Scotch & Soda said investor Sun European Partners and lenders “were unable to assist further and time was too short to finalise the sale of the company as a financiall

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