The Dutch clothing brand Scotch & Soda may soon be sold. Private equity fund Sun Capital decided to find a buyer for the asset after over a decade. News agencies report that the fund is interested in selling all its shares and exiting from the business of Scotch & Soda, taking advantage of favorable market conditions.
In recent years, the brand has shown good operating performance and increased sales in the international market. The company has already stated that the growth momentum seen in recent years continues to gain strength.
The owners of Scotch & Soda continue to invest in organic expansion and open new stores worldwide. In 2022, as international markets recovered from the end of the pandemic and consumer activity increased, the company accelerated growth. Scotch & Soda has opened nearly 30 new stores in the past twelve months. The chain has strengthened, including in Europe, with the opening of flagship stores in Milan and London.
If the plan to attract new investors is implemented, the funds will be used to expand the network and strengthen wholesale operations. Sun Capital became a shareholder in 2011 and increased its investment in the business by 15 million euros in 2021. The company’s turnover in 2022 will be 342 million euros.
