Scotch & Soda is looking for a new owner. Proprietor Sun Capital wants to spin off the Dutch fashion chain after over a decade.
Momentum
Private investor Sun Capital is preparing to sell Scotch & Soda. Together with Rothschild and EY, the owner is looking at options to refinance the Dutch fashion chain through an acquisition. According to Sky News, Sun would like to sell all its shares in the brand.
For Sun, it is a favourable time to leave, as Scotch & Soda has been on a growth spurt over the past few years. “The growth momentum we saw last year continues to grow in strength, with more new locations around the world,” CEO Frederick Lukoff said last spring.
Expansion
The chain accelerated the expansion of its international shop network last year by opening some 30 new shops. Two flagship stores were added in London and Milan, aimed at putting the Dutch label on the map as an international fashion player. With the proceeds from the sale, Scotch & Soda would aim to further expand both its own shop network and its wholesale operations.
Sun acquired Scotch & Soda in 2011. In 2021, the owner carried out one more capital increase: the investor group then bought 200 million euros worth of additional shares and pumped 15 million euros of fresh capital into the company. How much the brand is worth today is not known, but Scotch & Soda achieved a turnover of 342 million euros last year.
