Bluestar Alliance has acquired the US-based wholesale and retail assets of Dutch fashion brand Scotch & Soda.
Financial services platform B. Riley Financial participated in the acquisition and has acquired an equity interest in the brand.
Scotch & Soda has been busy expanding its global footprint, opening nearly 40 stores during the past year, including locations in North America. Recent openings include Washington, D.C., Boston, San Antonio, Texas, and Scottsdale, Arizona. It had approximately 46 US stores prior to its filing. But it has closed about 20 of those locations since then.
Bluestar has appointed Anthony Lucia as Global President of Scotch & Soda USA and Global Business Operations to oversee and expand the brand. Lucia has more than 25 years of fashion experience at companies that include Hugo Boss, G-Star and Escada.
“We are excited to welcome a veteran fashion executive to take the helm of the Scotch & Soda business,” said Ralph Gindi, COO, Bluestar Alliance. “Scotch & Soda is known across the globe for its ties to Amsterdam and fine craftsmanship of trendsetting products, and we want to introduce the brand to new consumers especially here in the US.”
