Scotch & Soda working with Teneo on sale plans
Amsterdam-based fashion brand Scotch & Soda is reportedly exploring a sale after more than a decade in private equity ownership.
According to Sky News, the business has drafted in advisers to oversee an auction following talks about a refinancing. Retail industry sources said that Teneo, the professional services firm, had been hired to run the sale process.
Scotch & Soda is currently owned by private equity investor Sun European Partners. The brand is sold sold through its four standalone UK shops, as well as various concessions in department stores.
Rothschild, the independent financial services group, had been advising Scotch & Soda on its refinancing plans, whilst EY has been engaged to work with the company’s lenders.
Sun European Partners has been an investor in the fashion label for over 10 years, jointly acquiring the business in 2011 with Kellwood, one of Sun's portfolio companies at the time. Insiders have said that Sun intends to sell the entirety of its controlling stake in the business as part of the sale process.
In October 2022, Scotch & Soda opened stores at Covent Garden and Old Spitalfields Market in London. The Scotch & Soda flagship at Covent Garden features the brand's new “Free Spirit” store design concept. The space includes a signature bar, dedicated children's area and library, displaying a selection of books and maps to celebrate the heritage of the building.
In December 2022, the company has announced a new licensing partnership for the design, production and distribution of its footwear collections for men, women and kids with Bos Group International.