The American company Bluestar Alliance has paid 60 million euros to allow the originally Amsterdam clothing brand Scotch & Soda to make a new start. That reports The Financial Times (FD).
A large part of that money goes to the banks, according to it FD in Scotch & Soda’s first bankruptcy report. It is not known how much money is left after that.
The banks still have almost 56 million euros in credit from the clothing brand. Part of that claim would be partially released after the restart, because it concerns guarantees to third parties. The Tax and Customs Administration is also still owed money. This involves 17.8 million euros.
In addition, seven hundred other creditors have come forward, it writes FD. According to the newspaper, they still have 55 million euros outstanding.
2023-06-07 16:41:18
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